February 17, 2010 (FinancialWire) — Arthur J. Gallagher & Co. (NYSE: AJG) has acquired Securitas Re of Sao Paulo, Brazil from Estater Gestao de Investimentos Ltda. Terms of the transaction were not disclosed.

Securitas Re, which will trade internationally as Gallagher Brazil, is a licensed facultative reinsurance broker. Gallagher said it will continue to build on Gallagher’s existing book of business in South America.

According to Gallagher, the firm has expertise in the petrochemical, energy, and construction industries and will focus on providing property and casualty, surety, construction, and D&O coverages.

The acquired firm will also help secure facultative reinsurance support for Brazilian cedants. Gallagher Brazil will be run locally by its current manager, Fernando Prado, under the direction of David Ross, CEO of Arthur J. Gallagher Ltd., Gallagher’s FSA-authorized broker and approved Lloyd’s of London broker.

Illinois-based Arthur J. Gallagher is an insurance brokerage and risk management services firm with operations in 15 countries.

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