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01 Jul 2019, Natalia Yanakieva, Head of Industry Research, EMIS

Gallagher acquires minority stake in Czech Renomia

US-based risk consultation and insurance brokerage firm, Arthur J Gallagher & Co (Gallagher) will buy a 29.7% stake in the biggest insurance broker in Central and Eastern Europe, Renomia.

The acquisition of the Czech Republic-based family-run business should be finalised in Q3 2019 upon approval from regulators. The deal is in line with Gallagher’s plans to improve its exposure globally and widen its expertise and capabilities on a global scale.

Renomia currently has operations in the Czech Republic, Slovakia, Romania, Hungary, Serbia, Bulgaria and Croatia as well as a franchise network in other areas of CEE.

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