Arthur J. Gallagher & Co. Acquires Benchmark Commercial Insurance Services

Rhea-AI Summary

Arthur J. Gallagher & Co. (AJG) announces the acquisition of Benchmark Commercial Insurance Services, a retail insurance agency in Carlsbad, California. The terms of the transaction were not disclosed. This acquisition enhances growth opportunities in Southern California for Gallagher, a global insurance brokerage firm. The acquisition reflects Gallagher's focus on client-centered growth and expansion.

ROLLING MEADOWS, Ill., July 13, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Carlsbad, California-based Benchmark Commercial Insurance Services. Terms of the transaction were not disclosed.

Benchmark is a retail insurance agency offering commercial and personal risk management and insurance solutions to business owners in San Diego and the surrounding area for the past 25 years. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.

"Benchmark is a well-regarded, client-focused agency that enhances our growth opportunities in Southern California," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Robert and his associates to our growing, global team."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations	Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What did Arthur J. Gallagher & Co. (AJG) announce?

AJG announced the acquisition of Benchmark Commercial Insurance Services, a retail insurance agency in Carlsbad, California.

Where is Benchmark Commercial Insurance Services located?

Benchmark Commercial Insurance Services is located in Carlsbad, California.

Who will remain in their current location under the direction of Scott Firestone?

Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.

What type of services does Benchmark Commercial Insurance Services offer?

Benchmark offers commercial and personal risk management and insurance solutions to business owners in San Diego and the surrounding area.

What is the ticker symbol of Arthur J. Gallagher & Co.?

The ticker symbol of Arthur J. Gallagher & Co. is AJG.