Arthur J. Gallagher & Co. Announced That Its Specialist Underwriting Subsidiary Pen Underwriting Has Acquired Wexford, Ireland-based Wrightway Underwriting Limited For An Undisclosed Amount
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Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary, Pen Underwriting, has acquired Wrightway Underwriting Limited, based in Wexford, Ireland, for an undisclosed amount.
June 05, 2024 | 9:32 am
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Arthur J. Gallagher & Co. has expanded its operations by acquiring Wrightway Underwriting Limited through its subsidiary, Pen Underwriting. This acquisition could enhance AJG's market presence and operational capabilities in the underwriting sector.
The acquisition of Wrightway Underwriting Limited by Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., is likely to strengthen AJG's market position and operational capabilities in the underwriting sector. This strategic move could lead to positive short-term impacts on AJG's stock price.
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