Arthur J. Gallagher & Co. said Thursday that it has acquired The Andersen Group, a retail agency based in Chantilly, Virginia.
Separately, Gallagher said its Pen Underwriting Ltd. unit has acquired Fender Marine AS, a specialty general agent manager based in Bergen, Norway.
Terms of the transactions were not disclosed.
Andersen Group provides coverage for non-profit trade organizations, government contractors and engineering services in the Washington area.
Founder Frank Andersen and about five employees will operate under the direction of Bumpy Triche, head of Gallagher’s Mid-South retail/casualty operations, Gallagher said.
In the second deal, Pen Underwriting acquired Fender, a specialty MGA that provides marine hull and protection and indemnity coverage for smaller fleets and special work vessels, as well as coverage for yachts, recreational boats, cargo and underwater equipment.
Founded in 2005 by Tore Hoisaether, chairman and director, and Christian Lien, director, Fender will become part of Pen Underwriting̵
7;s international and financial lines division and will continue to be led by CEO Ola Skauge, Gallagher said.Fender has 17 employees and generates 14 million pounds ($17.8 million) in annual gross premium from its offices in Bergen and Oslo, Gallagher said.
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