Arthur J. Gallagher & Co. Acquires Atlas General Insurance Services

Rhea-AI Summary

Arthur J. Gallagher & Co. (AJG) announced the acquisition of San Diego-based Atlas General Holdings, LLC, enhancing its capabilities in the workers' compensation market. Founded in 2009, Atlas offers multifaceted insurance solutions across the U.S., with a strong focus on California. The leadership team from Atlas will remain in place, reporting to Joel Cavaness of Gallagher's Risk Placement Services. Chairman J. Patrick Gallagher, Jr. highlighted Atlas's expertise and complementary business portfolio, signaling important growth potential for AJG post-acquisition.

Positive

• Acquisition of Atlas General strengthens Gallagher's foothold in the workers' compensation market.
• Atlas's established expertise enhances Gallagher's service offerings.
• Retention of Atlas leadership ensures continuity and integration of operations.

Negative

• None.

ROLLING MEADOWS, Ill., Jan. 19, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of San Diego-based Atlas General Holdings, LLC, dba Atlas General Insurance Services ("Atlas"). Terms of the transaction were not disclosed.

Founded in 2009 by Bill Trzos, Atlas is a full-service, multiline program manager and managing general agency (MGA) offering workers compensation, commercial lines and specialty property programs nationwide, with deep expertise in the California workers compensation market. Mike Mathews, Charles Lasher and their associates will remain in their current location under the direction of Joel Cavaness, president of Risk Placement Services, Inc. (RPS), Gallagher's U.S.-based wholesale brokerage division.

"Atlas is a highly-regarded program administrator that brings RPS deep market expertise, a complementary book of business and a best-in-class workers comp platform," said J. Patrick Gallagher, Jr., Chairman, President and CEO of Gallagher. "We are delighted to welcome Mike, Charles and their associates to our growing global team."

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors:  Ray Iardella	Media:  Linda J. Collins
VP – Investor Relations	VP – Corporate Communications
630-285-3661/ ray_iardella@ajg.com	630-285-4009/ linda_collins@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What are the details of Arthur J. Gallagher's acquisition of Atlas General?

Arthur J. Gallagher acquired Atlas General Holdings to enhance its workers' compensation capabilities. Exact transaction terms were not disclosed.

How will the acquisition of Atlas General benefit AJG?

The acquisition provides AJG with deep market expertise, a complementary book of business, and strengthens its position in the workers' compensation sector.

Who remains in leadership after the acquisition of Atlas General by AJG?

The current leadership team of Atlas, including Mike Mathews and Charles Lasher, will continue to operate under the direction of Joel Cavaness of Gallagher's Risk Placement Services.

When was the acquisition of Atlas General by AJG announced?

The acquisition was announced on January 19, 2021.

What is the primary focus of Atlas General's business?

Atlas General specializes in workers' compensation, commercial lines, and specialty property programs across the United States.