ITASCA, Ill., Sept. 18, 2013 /PRNewswire/ -- Arthur J.
Gallagher & Co. (NYSE: AJG) today announced the acquisition of
Belmont International (Belmont), located in Kent, England. Terms of the
transaction were not disclosed.
Established in 1988, Belmont is a risk management advisor and
insurance broker that provides both retail insurance and employee
benefits products and services for their commercial and personal
lines U.K. clients. They also specialize in coverage for the
passenger transportation, real estate and renewable energy
industries. While the founder, Barrie
Etchells, plans to retire, he will be retained on a
consultancy basis throughout the integration process. His
deputy, David Hinton, and his more
than 80 associates will report through Gallagher's U.K. retail and
employee benefits brokerage businesses.
"Belmont is highly regarded for its depth of risk management
experience, solid market relationships and client-focused service
culture," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "Their southeastern
U.K. geographic presence and strong niche expertise will be an
excellent complement to our U.K. operations, and we are pleased to
welcome David and his colleagues to our growing Gallagher family of
professionals."
Arthur J. Gallagher & Co., an
international insurance brokerage and risk management services
firm, is headquartered in Itasca,
Illinois, has operations in 20 countries and offers client
service capabilities in more than 140 countries around the world
through a network of correspondent brokers and
consultants.
CONTACT: Marsha J.
Akin
Director – Investor Relations
630-285-3501/marsha_akin@ajg.com
SOURCE Arthur J. Gallagher &
Co.