US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co (AJG) has acquired Illinois-based Brown Hobbs & McMurray Insurance (BHM).
Terms of the deal have not been disclosed.
Established in 1859, BHM is a retail insurance broker that offers commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to its customers in the Midwest.
Under the leadership of Gallagher’s Midwest region retail property/casualty brokerage operation head Michael Pesch, BHM’s Thomas Brown, Paul Hobbs, William Hobbs, Dick and Rich McMurray, and their associates will continue to operate from their current location.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "BHM has a great reputation for its level of expertise, outstanding client service, and middle-market client focus."
AJG has also acquired Georgia-based Managed Healthcare Solutions (MHS), for an undisclosed sum.
Based in Georgia, MHS offers mployee benefit consultation, management and brokerage services for clients across the southern US.
The firm is specialized in cost management, employee engagement, and creative plan design and funding arrangements for group health insurance programs.
With operations in about 140 countries, AJG provides client-service capabilities across the globe through a network of correspondent brokers and consultants.
Image: AJG has acquired Brown Hobbs & McMurray Insurance and Managed Healthcare Solutions in US. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.