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Arthur J. Gallagher & Co. Acquires Hagedorn & Company

ITASCA, Ill., Sept. 17, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired Hagedorn & Company (Hagedorn) located in New York, New York.  Terms of the transaction were not disclosed.

Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group benefits and personal lines insurance products and services for commercial and individual clients throughout the northeastern United States.  They specialize in insurance coverage for the financial, manufacturing, real estate, healthcare, legal and marine industries as well as for nonprofit organizations, schools and municipalities.  Daniel Gabel and his associates will continue to operate in New York City and White Plains, New York under the direction of Douglas Brown, head of Gallagher's northeastern retail property/casualty brokerage operations.

"For nearly 150 years, Hagedorn has developed an excellent reputation for delivering the highest quality, cost effective insurance solutions to their customers," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "With their depth of expertise, solid market relationships and emphasis on niche specializations, they will be an excellent addition to our Northeastern operations.  We are extremely pleased to welcome Dan 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 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

MEDIA:  Linda Collins  

INVESTORS: Marsha J. Akin

Vice President - Communications

Director - Investor Relations

630-285-4009/ linda_collins@ajg.com   

630-285-3501/marsha_akin@ajg.com

 

SOURCE Arthur J. Gallagher & Co.


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