US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. (AJG) has acquired Insurance Associates, for an undisclosed sum.
Insurance Associates is an insurance broker, which offers retail property/casualty and risk management insurance services for commercial and personal lines clients in the Western US.
Established in 1919, the company is specialized in placing coverage for farms, ranches and water and sanitation operations, as well as nonprofit organizations and public entities.
Under the leadership of Gallagher’s western retail property/casualty brokerage operations head James McFarlane, Insurance Associates’ Shelley Doggett, Charles Hix III and their associates will continue to operate in their current locations.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr., said: "Insurance Associates is built on a culture that focuses on outstanding client partnerships, strong carrier relationships and team-based sales and service capabilities."
"Their specialized expertise and geographic footprint will also be an excellent complement to our western region brokerage operations, and we are extremely pleased to welcome Shelley, Charles and their colleagues to our growing Gallagher family of professionals."
With operations in around 30 countries, AJG offers client service capabilities in around 140 countries across the globe through a network of correspondent brokers and consultants.
Image: Arthur J Gallagher & Co corporate headquarters in Itasca, Illinois. Photo: courtesy of Arthur J. Gallagher & Co. 1999 -2014.