Citadel acquires Gallagher's US reinsurance runoff business
Citadel Risk Management, the provider of active and runoff insurance and reinsurance services, has acquired Arthur J. Gallagher's US reinsurance runoff processes. Terms of the transaction were not disclosed.
The new entity will be named Citadel Risk Services, Inc. and operate out of Citadel's servicing offices in Bridgewater and Wayne New Jersey.
"We are ecstatic over this opportunity for the Citadel Group
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