The move follows Gallagher’s acquisition of Santiago-domiciled retail insurance broker, THB Chile, announced last week.

Shepard Insurance Group specialises in serving high-net-worth clients across the Northeastern United States and Florida, providing tailored insurance solutions.

Steve Shepard, Kyle Shepard, and their team will continue operations from their existing office. They will now report to Brendan Gallagher, who leads Gallagher’s Northeast region retail property and casualty brokerage operations.

The acquisition reinforces Gallagher’s commitment to expanding its footprint in the high-net-worth insurance sector while leveraging Shepard Insurance’s expertise and regional presence.

“Shepard Insurance Group is well regarded for their client service and will expand our high-net-worth offerings in the Northeast,” added J. Patrick Gallagher, Jr., Chairman and CEO. “I am delighted to welcome Steve, Kyle and their associates to Gallagher.”