Arthur J. Gallagher to acquire a 30% stake in ACE from MIG Holding.

Arthur J. Gallagher, an insurance services provider, agreed to acquire a 30% stake in ACE, an insurance brokerage firm in MENA, from MIG Holding, a financial services provider. Financial terms were not disclosed. “We are glad to have been able to reach this landmark agreement with Gallagher, a professional, ethical and reputable global insurance brokerage, at such challenging times, when the world economies and markets are negatively impacted with the COVID 19 crisis. This partnership will enhance the international reach and capabilities of ACE and will support our expansion plans.” Nagib Bahous, MIG Holding President and CEO.