Arthur J Gallagher, an insurance brokerage and risk management services firm based in Illinois, has acquired Cleaveland Insurance Group (CIG) to further boost its presence in the region.
Established in 1868, CIG operates as a retail insurance broker providing property/casualty, employee benefits and risk management insurance services for their middle-market clients across the central US.
Under the terms of the acquisition, Phyllis Schwindt, Tom McGovern, Kevin O’Hara and their associates will continue to operate in their current location.
They will work under the direction of Thomas Gallagher, head of Gallagher’s Midwest property/casualty brokerage operations, and William Ziebell, head of Gallagher’s North Central employee benefit brokerage and compensation consulting operations.
Arthur J Gallagher chairman, president and CEO J Patrick Gallagher said for more than 140 years, CIG has been providing their clients with a full range of business and individual insurance coverage.
"Their depth of experience, Quad cities location and focus on team-based culture will be an excellent complement to our property/casualty and benefits brokerage operations," Patrick added.
Most recently, Arthur J Gallagher purchased New Jersey-based McIntyre Risk Management, which offers retail commercial property/casualty and risk management insurance products and services for their upper middle-market US and international clients.
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Image: Arthur J Gallagher purchases Cleaveland Insurance Group. Photo courtesy of adamr/FreeDigitalPhotos.net.