ROLLING MEADOWS, Ill., July 23,
2019 /PRNewswire/ -- Arthur J. Gallagher & Co.
today announced the acquisition of Rockville, Maryland-based The Novick Group,
Inc. Terms of the transaction were not disclosed.
Founded in 1987, The Novick Group is a retail property/casualty
broker focused on providing insurance products and services to
nonprofits and association clients throughout the United States. Areas of specialization
include complex liability and event cancellation coverages.
Lou Novick, Julia Van De Wille and their associates will
continue to operate from their current location, under the
direction of Dan Tropp, head of
Gallagher's Mid-Atlantic retail property/casualty brokerage
operations.
"The Novick Group, Inc. expands Gallagher's footprint in the
Washington, D.C. metro area and
further enhances our expertise in serving nonprofit and association
clients," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "I would like to extend a
warm Gallagher welcome to Lou, Julia and their associates."
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows,
Illinois. The company has operations in 35 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
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-the-novick-group-inc-300888848.html
SOURCE Arthur J. Gallagher &
Co.