ROLLING
MEADOWS, Ill., Jan. 4, 2023
/PRNewswire/ -- Arthur J. Gallagher
& Co. today announced the acquisition of Corporate Insurance
Analysts, Inc., dba MGC Group, and The Agents Association of FB
Companies (AAFBC). Terms of the transaction were not disclosed.
Founded in 2004, MGC Group and AAFBC provide association
guaranteed issue group insurance benefits to captive independent
contractors across multiple U.S. states. John Matthews and his team will operate under
the direction of Kevin Garvin, head
of Affinity North America for Gallagher's retail property/casualty
brokerage operations.
"MGC Group and AAFBC are highly-regarded businesses whose
product offerings complement Gallagher Affinity's existing
footprint," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "I am very pleased to
welcome John and his associates to our growing, global
company."
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.