NU Online News Service, Feb. 17, 10:22 a.m. EST

Arthur J. Gallagher & Co. insurance brokerage announced it has acquired Securitas Re of Sao Paulo, Brazil, from Estater Gestao de Investimentos Ltda. Financial terms of the transaction were not disclosed.

The Itasca, Ill.-based firm said that the acquisition, a licensed facultative reinsurance brokerage trading internationally as Gallagher Brazil, will continue to build on Gallagher's existing book of business in South America.

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