Kansas City-based Trip Mate, a travel insurance agency, has been acquired by Illinois-based Arthur J. Gallagher & Co. Trip Mate provides a wide variety of travel protection plans and services for travel industry clients throughout the United States. They specialize in trip cancellation/interruption, lost baggage and traveler assistance programs sold through travel agencies, tour operators and cruise lines.
Gallagher is the fourth-largest insurance agency in the Kansas City area, and the world’s fourth-largest insurance broker, with 16,336 employees worldwide, and 75 employees in Kansas City. The Kansas City office manages $135 million in property and casualty premiums.
Terms of the acquisition were not disclosed.