Arthur J. Gallagher & Co. Purchases Minority Interest in Casanueva Perez S.A.P. de C.V. [Manufacturing Close – Up]

Arthur J. Gallagher & Co. announced that it has acquired a 21.3 percent interest in Grupo CP, a Mexican insurance broker and risk management company headquartered in Mexico City, Mexico.

According to a release, Grupo CP offers commercial retail property/casualty, risk management, affinity, reinsurance and employee benefits services to their clients throughout Mexico through their brands of Interproteccion, Reasinter, Seguro Listo, and Aterna. Their team of 325 employees operates from offices in Mexico City, Celaya, Hermosillo, Monterrey and Torreon.

"Grupo CP's operations are highly regarded and well respected in the Mexican market, and for many years, we have had a very successful correspondent trading relationship with them," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Taking the next step into a strategic partnership broadens our international presence, offers our clients an increased spectrum of services and geographic coverage throughout Mexico, and aligns our future interests and ambitions for Latin America. We are pleased that Grupo CP has chosen Gallagher as a partner and look forward to growing this rewarding relationship."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 18 countries and provides client capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.

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