Arthur J. Gallagher & Co. Acquires Hunt Insurance Group

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Hunt Insurance Group, a retail property/casualty agency specializing in labor unions and their associated benefit funds across the Midwest. The terms of the acquisition were not disclosed. The acquisition is expected to complement Gallagher's existing Chicagoland business. The company provides insurance brokerage, risk management, and consulting services in approximately 130 countries worldwide.

ROLLING MEADOWS, Ill., Dec. 5, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Palos Heights, Illinois-based Hunt Insurance Agency, Inc., dba Hunt Insurance Group. Terms of the transaction were not disclosed.

Hunt Insurance Group is a retail property/casualty agency specializing in labor unions and their associated benefit funds across the Midwest. Larry Hunt, Matt Hunt and their team will remain in their current location under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.

"Hunt Insurance Group has a strong market reputation whose niche expertise complements our existing Chicagoland business," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Larry, Matt 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. acquire recently?

Arthur J. Gallagher & Co. has acquired Hunt Insurance Group, a retail property/casualty agency specializing in labor unions and their associated benefit funds across the Midwest.

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

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

Where is Arthur J. Gallagher & Co. headquartered?

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

What services does Arthur J. Gallagher & Co. provide?

Arthur J. Gallagher & Co. provides insurance brokerage, risk management, and consulting services in approximately 130 countries worldwide.

Who will remain in their current location after the acquisition?

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