Ottawa, Ontario, 5 February 2015Cohen & Lord join Arthur J. Gallagher in Canada
Arthur J. Gallagher has today acquired Cohen & Lord Insurance Brokers located in Ottawa, Ontario, expanding its retail broking platform in Canada and international operations located outside the United States.
The deal follows the successful completion of the Noraxis acquisition last July — which saw Arthur J. Gallagher become a top five Canadian insurance broker, with significant regional spread — and is the latest demonstration of Gallagher’s proven strategy of partnering with smaller, family-owned and entrepreneurial brokers to facilitate consistent and profitable growth.
With commercial and individual clients across the Canadian provinces of Ontario and Quebec, Cohen & Lord brings complementary specialisms including commercial real estate, condominiums, construction and fleet to Gallagher's existing Ottawa operations, as well as expertise in providing personal insurance coverage.
Stephen Bryant, President for the Ontario region at Arthur J. Gallagher, said: “Cohen & Lord is the first business to join our enlarged Gallagher family in Canada, following the Noraxis deal last July. This makes today an important marker in our journey of profitable growth, and represents great news for clients. Not only is Cohen & Lord a highly professional, client-focused business with an enviable market reputation, but together we create a stronger presence in Eastern Ontario with a broader and deeper customer offering. “
Ken Keenan, CEO of Arthur J. Gallagher Canada, added: “Cohen & Lord’s culture of professionalism and entrepreneurship, as well as their commitment to clients and staff, strongly reflect our own corporate values. I’d like to extend a very warm welcome to Horace Cohen, Irvin Hoffman, Andrew Swant and all their colleagues.”