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Arthur J. Gallagher & Co. Acquires Corporate Life Consultants, Inc.

ITASCA, Ill., Aug. 5 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Corporate Life Consultants, Inc. of Ambler, Pennsylvania. Terms of the transaction were not disclosed.

Founded in 1991, Corporate Life Consultants offers life and long-term disability plan consulting services for companies with at least 1,000 employees. They specialize in the analysis and redesign of existing plans as well as ongoing account management for their clients in the United States. They also offer international benefit plans for expatriates, third country nationals and key local nationals. Paul Connolly, Jeff Jones and their associates will continue to operate at their current location under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher Benefit Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

J. Patrick Gallagher, President and CEO of Arthur J. Gallagher & Co, stated, "Corporate Life Consultants is a great example of our merger partner of choice. Not only do they add to our benefit division's niche strategy, but they also bring a client-focused, growth-oriented team that fits well within our culture. We are pleased to welcome Paul, Jeff and their associates 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 seven countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

SOURCE  Arthur J. Gallagher & Co.
    -0-                             08/05/2005
    /CONTACT:  Marsha J. Akin, Investor Relations, of Arthur J. Gallagher &
Co., +1-630-773-3800/
    /Web site:  http://www.ajg.com /
    (AJG)

CO:  Arthur J. Gallagher & Co.; Corporate Life Consultants, Inc.
ST:  Illinois, Pennsylvania
IN:  FIN INS
SU:  TNM

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7116 08/05/2005 12:22 EDT http://www.prnewswire.com