ROLLING
MEADOWS, Ill., Dec. 19,
2022 /PRNewswire/ -- Arthur
J. Gallagher & Co. today announced the acquisition of
El Cerrito, California-based NEK
Insurance, Inc. Terms of the transaction were not disclosed.
Founded by Norman E. Kinsey in
1954, NEK Insurance is a retail insurance agency specializing in
property/casualty coverages for daycare centers and k-8 schools,
residential care facilities and small remodeling contractors, with
underwriting authority in these three segments. Kevin Bruns, Jennifer
Sylvestri, Kyle Peterson and
their associates will be part of Gallagher's San Francisco branch under the direction of
Jim Buckley, head of Gallagher's
Northwest region retail property/casualty brokerage operations.
"NEK is a well-established Bay Area agency with a focus that is
highly complementary to our existing San
Francisco-based specialist business, offering us terrific
cross-selling opportunities," said J. Patrick Gallagher, Jr., Chairman, President and
CEO. "I am delighted to welcome Kevin, Jennifer, Kyle 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
|
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.