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Arthur J. Gallagher & Co. Acquires FIS Marine

ITASCA, Ill., Feb. 14 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Fishermans Insurance Services, Inc., dba FIS Marine, of Seattle, Washington. Included in the transaction is FIS Marine's affiliate, FIS Insurance Services, Inc. Terms were not disclosed.

Founded in 1984, FIS Marine is a full-service marine insurance broker offering all forms of risk management, marine and property/casualty insurance products and services to their Pacific Northwest clients. They specialize in commercial marine coverages for the fishing and passenger vessel, tug and barge, and yachting industries. Robert S. Taylor, Bruce A. Thiffault and their associates will continue to operate in their current Seattle location under the direction of James McFarlane, West Coast Regional Manager of Gallagher's Brokerage Services Retail Division.

J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer said, "With their strong marine focus and solid client service, FIS Marine is an excellent example of how we are expanding our niche product and service capabilities through acquisitions. Their sales-based culture, depth of expertise and 23 years of experience will be an outstanding addition to our western region. We are extremely pleased to welcome Bob, Bruce and their team 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 120 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-                             02/14/2007
    /CONTACT:  Marsha J. Akin, Investor Relations, Arthur J. Gallagher & Co.,
    /Web site: /

CO:  Arthur J. Gallagher & Co.; FIS Marine; Fishermans Insurance Services,
ST:  Illinois, Washington

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7765 02/14/2007 16:22 EST