Carthiel advisor in connection with Arthur J Gallagher’s acquisition of Brim AB

Arthur J. Gallagher – the international broker division of Arthur J. Gallagher & Co outside USA – has extended its investment in Scandinavia by acquiring an 85% stake in Swedish specialist insurance and reinsurance broker Brim AB.

With revenues of US$11.4m and employing 29 people, Brim is a specialty broker with a first-class client base of around 2,000 diverse clients served by two core practices. The company’s Credit and Political Risk practice provides financing support for major infrastructure projects around the world, whilst Brim’s Construction practice supports residential and commercial building development, together with infrastructure and civil engineering across Sweden, Finland and Norway.

The sellers have been advised by Advokatfirman Carthiel, through Gustaf Cardelius, in legal matters and by EY Stockholm, through Staffan Folin and Johanna Nederberg, in financial matters.