Global insurance group Gallagher has snapped up a Teesside firm as part of moves to build its regional presence.
The New York Stock Exchange listed firm, which has its head office in Illinois, has swooped for Stockton based Erimus Group Limited in an undisclosed deal. Gallagher said that as a result of the deal, its combined operations create one of the largest insurance brokers in the North East.
Founded in 1986, Erimus is a retail insurance broker with a large regional commercial client base, with around 2,500 clients. The Bowesfield Park based firm employs around 40 people, and the acquisition of Erimus adds further quality and scale to Gallagher’s operations in the North East, building on its existing presence on Newcastle Quayside where it also has around 40 employees supporting local and national businesses with risk management needs.
