Gallagher buys Canadian MGA

Arthur J. Gallagher & Co. said Wednesday it has bought Markham, Ontario-based Excess Underwriting Co., a managing general agency and Lloyd’s of London broker.

Terms of the deal were not disclosed.

Excess Underwriting, which has about 20 employees, specializes in commercial and residential property/casualty insurance, and errors and omissions coverage, Gallagher said in a statement.

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