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Arthur J. Gallagher Acquires First Agency in Michigan, USA
Friday 11 January 2019

11 January 2019 - Illinois, US-based insurance brokerage, risk management and consulting services firm Arthur J. Gallagher and Co. has closed the acquisition of Kalamazoo, Michigan-based First Agency, Inc, the firm said.

Terms of the transaction were not disclosed.

Founded in 1959, First Agency, Inc. is a broker and managing general agency specialised in offering blanket student and athletic accident insurance coverage, including sports camps/special risk insurance, to colleges and K-12 schools.

It also provides claims administration and policy issuance for several insurers, and sells specialty coverages directly to individual students via its website. 

Bryan Cronen and his associates will continue to operate from their current location under the direction of Cindy LaMantia, head of Gallagher's Great Lakes region retail property/casualty brokerage operations.

Arthur J. Gallagher and Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. 

The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Details
Date Published: 11/01/2019
Target: First Agency, Inc
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Arthur J. Gallagher and Co
Comment:
Terms of the deal were not disclosed

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