ROLLING MEADOWS, Ill.,
Sept. 18, 2019 /PRNewswire/
-- Arthur J. Gallagher & Co. today announced the
acquisition of Pittsburgh,
Pa.-based Allied Insurance Brokers and its subsidiary,
Ascinsure Specialty Risk. Terms of the transaction were not
disclosed.
Founded in 1982, Allied Insurance Brokers specializes in
offering insurance and risk management services to crane, scaffold
and equipment dealers throughout the
United States, and nonprofit social services organizations
in Western Pennsylvania. Ascinsure
is a program underwriting manager for the crane and scaffold
industries. Marty O'Brien,
Richard (Tres) Whitlock,
Jared Clough 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, and Chris Leisz, head of
programs for Gallagher's U.S. wholesale operation, Risk Placement
Services, Inc.
"Allied Insurance Brokers and Ascinsure Specialty Risk bring us
outstanding niche expertise, a strong new business focus,
innovative loss control services and a commitment to client
advocacy," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "I am excited to welcome
Marty, Tres, Jared and their associates to our growing global
team."
"As recognized leaders in the crane and scaffold space, Allied
is a natural addition to our construction practice capabilities,"
noted Dan Tropp. "Their sales
culture and consultative approach fit perfectly with our
Core360™ approach to evaluating and minimizing our
clients' total cost of risk."
"Ascinsure is a proven leader in the crane, scaffolding, rental
equipment and party goods dealers' insurance markets, helping its
agents and their clients understand their exposures in this
difficult segment," added Chris
Leisz. "I am excited to partner with Marty and the Ascinsure
team."
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
|
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SOURCE Arthur J. Gallagher &
Co.