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Arthur J. Gallagher & Co. Acquires InterNational Insurance Group, Ltd.
ITASCA, Ill., Jan 31, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of InterNational Insurance Group, Ltd. of Boston, Massachusetts. Terms of the transaction were not disclosed.

Established in 1984, InterNational Insurance Group, Ltd. offers risk management and property and casualty insurance services for their commercial clients in the Northeast. They also specialize in Life Sciences, hospitality and environmental products and services. Jeremy Alderman, Michael Neville and their staff will continue to operate in their Boston location under the direction of Douglas B. Brown, Northeast Regional Manager of Gallagher's Brokerage Service Retail Division.

J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer said, "InterNational Insurance Group is a great example of our merger partner of choice. Their depth of experience, well-earned reputation for outstanding client service, and areas of specialization will be a terrific complement to our Northeast Region. We are extremely pleased to welcome Jerry, Mike 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.

Marsha J. Akin, Investor Relations, of Arthur J. Gallagher & Co., +1-630-773-3800