Gallagher buys the Filos Agency | Business America Insurance

Arthur J. Gallagher & Co. acquired Filos Agency in New York for an undisclosed sum.

The Filos Agency serves commercial and individual clients in New York, focusing on property and casualty insurance solutions. Following the acquisition, Filos Agency head Thomas Costantakos and his team will retain their Long Beach office while integrating into the Alliance Gallagher Agency.

A mergers and acquisitions model, Gallagher Agency Alliance partners with agencies specializing in small business P&C insurance and employee benefits.

The Costantakos camp will be under the leadership of Jen Tadin, who heads Gallagher Select, a US division of small business ownership and casualty.

“I am delighted to welcome Tom and his colleagues to Gallagher.”

The swoop for Filos Agency in the US follows recent acquisitions by Gallagher in the UK and Australia.

In London, Gallagher previously acquired investment consultancy firm Redington Ltd, while his new deal in Sydney involves Via Financial Group.

“As a leader in the investment advisory space, Redington brings exceptional talent and represents a fantastic cultural fit,” the global broker’s CEO said at the time. “His deep capabilities in investment market modeling and research will augment our existing consulting services and help our clients achieve superior financial security results.”

He also said of the Australian transaction: “Via Financial Group is a highly regarded company whose financial advisory services complement our existing benefits consulting operations in Australia. I am excited to welcome the Via Financial Group team into our family of Gallagher professionals, growing and global.

In approximately 130 countries, Gallagher provides insurance brokerage, risk management and consulting services through its own operations and a network of brokers and consultants.

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