Arthur J. Gallagher & Co. said on 26 February that it had acquired Krose GmbH & Co KG, a Bremen-based broker that places commercial insurance and reinsurance for large corporate clients in Germany. Terms were not disclosed.
Why Arthur J. Gallagher & Co. is buying Krose GmbH & Co KG
Gallagher said Krose brings deep expertise in complex corporate programmes to complement its existing German capabilities, which include a reinsurance team in Munich and Cologne D&O specialist Köberich, bought in early 2024. Insurance Business reported that Gallagher plans to combine its German operations into a broader retail, specialty and reinsurance offering.
“Krose is a highly regarded firm which brings deep market expertise to complement our existing capabilities”
Market context
Founded in 1920, Krose has about 70 risk professionals. Managing directors Oliver Cullmann, Leopold Muhle and Urs Gottwald remain in post, joined by Andreas Keller. Gallagher has named Germany a core European growth market alongside the UK, the Nordics and Switzerland.
