Insurance brokerage and risk management services firm Arthur J. Gallagher & Co has acquired the US retail insurance broker Ashmore & Associates Insurance Agency.
Based in Lubbock of Texas, Ashmore offers property/casualty, employee benefits consulting, and risk management insurance services for commercial and personal lines clients in the central US.
Ashmore is also specialized in providing coverage for the manufacturing, healthcare and energy industries.
Under the leadership of Gallagher’s South Central retail property/casualty brokerage operations head Bret VanderVoort and South Central employee benefit consulting and brokerage operations head John Neumaier, Ashmore’s Wilburn Ashmore, Elizabeth Ashmore and their team will continue to operate from their locations in Lubbock, Canadian, and Midland, Texas.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Ashmore is a wonderful example of our merger partner of choice. Not only do they add scale to our geographic footprint in that region, but their team is well-known in the industry for their depth of expertise, strong market relationships and high-quality client service.
"Their strong West Texas presence and specializations will be a terrific fit within our South Central Region."
In May, Gallagher also purchased the US retail insurance broker Hogan Insurance Services.
Based in Westlake Village of California, Hogan provides property/casualty, employee benefits, risk management and specialty wholesale insurance services for commercial customers across Southern California.
Image: Arthur J. Gallagher & Co has acquired retail insurance broker Ashmore & Associates Insurance Agency. Photo: courtesy of Stuart Miles/FreeDigitalPhotos.net.