Arthur J. Gallagher & Co. announced that it has acquired North Carolina-based PIUS Limited and its affiliate, Newlight Capital. Terms of the deal were not disclosed.
Founded in 2016, PIUS (Patent Insurance Underwriting Services) is a managing sole agency that offers unique insurance products that enable clients to insure specific intellectual property assets.
PIUS founder and CEO Joe Agiato and colleagues will remain in their current locations. The two will report to Patrick Kennedy, head of Gallagher’s Northeast Retail Vandalism Brokerage practice.
Read the following: Gallagher Wins Texas MGA
said J. Patrick Gallagher Jr., Chairman, President and CEO of Gallagher. “We are delighted to welcome Joe and his team to Gallagher.”