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Arthur J. Gallagher completes acquisition of LPG Insurance

by

Mathieu Carbasse

4 August 2017 11:30

Photo : Freepik

Arthur J. Gallagher makes his entry in the quebec market confidence through the acquisition of the brokerage firm insurance LPG Insurance. Specializes in providing custom insurance and risk management for businesses and individuals throughout Quebec, GPL has expertise in the areas of trade and SMES, the construction as well as of the knowledge economy, in particular in the niches of technology and health sciences.

The acquisition of LPG Insurance firm founded in 1968 and based in Montreal and Laval, has consolidated the presence of Gallagher from one ocean to the other, thus creating a global entity than 900 professionals from the fields of complementary expertise.

«The ideal partner for the geographical diversification»

«In fifty years, LPG has earned an enviable reputation in Quebec for its strong internal growth and the excellence of its service based on the professionalism, the creation of added value and trust-durable, welcomes Stephen Bryant, president of Arthur J. Gallagher Canada. LPG is the ideal partner for the geographical diversification and the strategic expansion of our services in Québec, which, moreover, are always of the priorities of the Gallagher Canada, which is now present in all major economic centres of the country. We are convinced that by uniting ourselves to Louis-Thomas and his team, we will make our customers enjoy, with all the strength of our services combined. «

Termination of the agreement with Jardine Lloyd Thompson

For his part, the president and chief executive officer of GPL, Louis-Thomas Labbé, believes that the integration of GPL within Gallagher Canada will allow the firm to continue its ascent and will stimulate its growth. «We will be able to increase the support offered to our customers, providing access to additional specialties in the industry as well as to a network of local offices located in major markets throughout the world,» he stressed. In addition, as a broker-dealer directed by the brokers, Gallagher has been our first choice of strategic partnership. This is a group that shares our culture where the customer is a priority, and who values the importance of the field experience and local expertise. I am very happy to think of everything we will achieve together. «

Although the details surrounding the transaction are of a confidential nature, it is to be noted that it will put an end to the agreement in 2014 between GPL Insurance and Jardine Lloyd Thompson.

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