Arthur J. Gallagher & Co. Acquires Coverys Insurance Services

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Arthur J. Gallagher & Co. (NYSE:AJG) Acquires Coverys Insurance Services, Expanding Healthcare Expertise in Michigan. The acquisition involves the assets of Coverys Insurance Services, a Michigan-based insurance broker specializing in medical malpractice and professional liability. The team will continue operations under the direction of Ryan Isaacs, Gallagher's Midwest region head. J. Patrick Gallagher, Jr., Chairman, President, and CEO, expresses excitement for the growth opportunities in the region.

ROLLING MEADOWS, Ill., Nov. 16, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced it has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed.

Coverys Insurance Services is a full-service insurance broker specializing in medical malpractice and professional liability for healthcare clients throughout Michigan. The Coverys Insurance Services team will remain in their current location under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.

"Coverys Insurance Services is a highly regarded agency whose deep healthcare expertise provides significant opportunities for growth in the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome the Coverys Insurance Services team to Gallagher."

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 assets did Arthur J. Gallagher & Co. acquire?

Arthur J. Gallagher & Co. acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services.

What type of insurance does Coverys Insurance Services specialize in?

Coverys Insurance Services specializes in medical malpractice and professional liability for healthcare clients throughout Michigan.

Who will oversee the operations of Coverys Insurance Services after the acquisition?

The team will remain in their current location under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.

Where is Arthur J. Gallagher & Co. headquartered?

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois.

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

The stock ticker symbol for Arthur J. Gallagher & Co. is NYSE:AJG.