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Arthur J. Gallagher Acquires First Iowa Insurance Agency
Thursday 14 March 2019

14 March 2019 - Illinois, US-based insurance brokerage Arthur J. Gallagher and Co. has acquired Iowa, US-based Hammerberg Insurance Services, Inc., d/b/a First Iowa Insurance Agency, Inc., the company said.

Terms of the transaction were not disclosed.

Gallagher said First Iowa expands its presence in Cedar Rapids, one of Iowa's largest cities, and will help drive additional growth in the Iowa market.

Arthur J. Gallagher and Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm 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.

First Iowa Insurance Agency, Inc. offers commercial and personal property/casualty insurance, group and individual health, and individual life coverage and services to clients throughout Iowa and the Central United States. It also provides commercial safety, loss control and OSHA compliance consulting services. 
Date Published: 14/03/2019
Target: Hammerberg Insurance Services, Inc.,,  d/b/a First Iowa Insurance Agency, Inc
Country: USA
Sector: Insurance
Type: Corporate acquisition
Status: Closed
Buyer: Arthur J. Gallagher and Co
Terms of the deal were not disclosed