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Arthur J. Gallagher (AJG) Buys Insurance Risk Managers Of Missouri In St. Louis

 January 04, 2013 02:53 PM
 


(By Balaseshan) Arthur J. Gallagher & Co. (NYSE: AJG), which provides insurance brokerage and third-party claims settlement, said it has purchased Insurance Risk Managers of Missouri, Inc. in St. Louis, Missouri for an undisclosed sum.

Insurance Risk Managers of Missouri (IRM), which was founded in 1996, is a retail insurance broker providing commercial property/casualty and risk management insurance services for their clients throughout the United States. They specialize in insurance coverage for the moving and storage industry including owner/operator segments.

Patrick McAleenan, Novis Adkins and their associates will continue to operate in St. Louis under the direction of Mike Henthorn, head of Gallagher's South Central retail property/casualty brokerage operation.

[Related -Arthur J. Gallagher & Co. (AJG): A Strong Organic Growth Story]

On January 3, Arthur J. Gallagher announced the purchase of Gardner & White Corp. headquartered in Indianapolis, Indiana for undisclosed terms. Gardner & White provides employee benefit program consulting services and insurance brokerage services exclusively for their healthcare organization clients throughout the United States.

In addition, the company said it has acquired Argus Benefits in Atlanta, Georgia for an undisclosed sum. Argus Benefits offers a wide range of employee benefit consultation and insurance brokerage services for their mid-size corporate clients throughout the southern United States.

[Related -Stock Upgrades And Downgrades: ADBE, AJG, BBRY, BLL, CLF, RYN, S, UNFI]

On January 2, Arthur J. Gallagher announced the acquisition of Hardman & Howell Benefits (HHB) located in Wichita, Kansas for undisclosed terms. HHB provides a wide range of employee benefit program consulting services for their employer clients throughout the Central United States.

In addition, the company said it has bought Corporate Benefits Advisors (CBA) in Delray Beach, Florida for an undisclosed sum. CBA is an employee benefits insurance broker and consultant offering a broad range of employee benefits insurance and consulting services to their clients throughout the United States.

On December 27, Arthur J. Gallagher announced the purchase of Heiser Insurance Agency Inc. (HIA) in Morton, Illinois for undisclosed terms. HIA is a retail insurance broker providing retail property/casualty, employee benefits and risk management insurance services for their commercial clients throughout the Midwestern United States.

In addition, the company said it has acquired The Eriksen Group Inc. in Birmingham, Michigan for an undisclosed sum. Eriksen is a retirement consulting firm that provides ongoing and project-based retirement consulting services to their clients throughout the Central United States.

On December 26, Arthur J. Gallagher said it has purchased Ahrold Fay Rosenberg (AFR) in Des Moines, Iowa for an undisclosed sum. AFR is a retail insurance broker providing retail property/casualty, employee benefits and risk management insurance services for their commercial clients throughout the Midwestern U.S.

AJG is trading down 0.42% at $35.19 on Friday. The stock has been trading between $32.01 and $38.24 for the past 52 weeks.

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