Arthur J. Gallagher & Co. Acquires Hagan Insurance Group

Rhea-AI Summary

Arthur J. Gallagher & Co. (AJG) acquires Hagan Insurance Group, enhancing association offerings and creating cross-selling opportunities. The South Dakota-based company provides insurance member benefits and financial management to professional associations and affinity groups. The terms of the acquisition were not disclosed, and the Hagan team will continue operating under the direction of Kevin Garvin, head of Affinity North America for Gallagher's retail property/casualty brokerage operations.

Positive

• Enhancement of association offerings through the acquisition
• Creation of significant cross-selling opportunities
• Expansion of Gallagher's retail property/casualty brokerage operations

Negative

• None.

ROLLING MEADOWS, Ill., July 25, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed.

Hagan Insurance Group provides insurance member benefits and financial management to professional associations and affinity groups. Brian Hagan, Michael Murphy and their team will remain in their current location under the direction of Kevin Garvin, head of Affinity North America for Gallagher's retail property/casualty brokerage operations.

"Hagan Insurance Group will enhance our association offerings, bringing us complementary expertise and providing significant cross-selling opportunities," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Brian, Michael and their associates 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 did Arthur J. Gallagher & Co. (AJG) acquire?

AJG acquired Hagan Insurance Group, a South Dakota-based company providing insurance member benefits and financial management to professional associations and affinity groups.

Who will remain in their current location after the acquisition?

Brian Hagan, Michael Murphy, and their team will continue operating under the direction of Kevin Garvin, head of Affinity North America for Gallagher's retail property/casualty brokerage operations.

Where is Arthur J. Gallagher & Co. (AJG) headquartered?

AJG is headquartered in Rolling Meadows, Illinois.

What services does Arthur J. Gallagher & Co. (AJG) provide?

AJG is a global insurance brokerage, risk management, and consulting services firm, operating in approximately 130 countries around the world.

Who can be contacted for investor relations?

Ray Iardella, VP - Investor Relations, can be reached at 630-285-3661 or ray_iardella@ajg.com.

Who can be contacted for media inquiries?

Paul Day, Communications Manager, can be reached at 630-285-5946 or paul_day1@ajg.com.