ROLLING
MEADOWS, Ill., Nov. 9, 2022
/PRNewswire/ -- Arthur J. Gallagher & Co. today
announced the acquisition of Cary, North
Carolina-based PIUS Limited, LLC and its affiliate Newlight
Capital, LLC. Terms of the transaction were not disclosed.
Founded in 2016, PIUS (Patent Insurance Underwriting Services)
is a managing general agent offering a proprietary insurance
product that allows clients to insure certain intellectual property
assets. Joe Agiato and his
associates will remain in their current locations under the
direction of Patrick Kennedy, head
of Gallagher's Northeast region retail property/casualty brokerage
operations.
"PIUS' unique offering of insurance solutions to emerging
companies that have substantial intellectual property assets is a
critical product that enables clients significant opportunities for
growth," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "I am delighted to welcome
Joe and his 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
|
Media: Paul
Day
|
VP - Investor
Relations
|
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.