On January 16, 2024, Arthur J. Gallagher & Co. (“Gallagher”), through its reinsurance division, Gallagher Re Inc. (“Gallagher Re”) completed the acquisition of Toronto, Ontario-based 11492446 Canada Inc. (dba MGB Re) which provides reinsurance solutions to health maintenance organizations (HMOs), managing general underwriters (MGUs) and insurance companies in the U.S. medical sector.
This acquisition accelerates the growth of Gallagher’s medical reinsurance business and broadens its service offerings, leveraging MGB Re's strong client relationships and expertise.
Fasken advised Gallagher Re, in connection with this transaction with a team comprised of Wojtek Baraniak, Julia Kennedy, Fatima Husnain, Tina Sun (Corporate and M&A); Craig Bellefontaine and Catilin Sabetti (Financial Services); Boris Subara (Employment and Benefits); and Kevin Yip (Tax Law).
Jurisdictions
- Ontario
- United States
