Arthur J. Gallagher & Co. Acquires ISG International, Inc.

Press Releases

ITASCA, Ill., March 20 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of ISG International, Inc. headquartered in Cambridge, Maryland. Terms of the transaction were not disclosed.

Established in 1977, ISG International is a managing general agent and wholesale insurance broker providing insurance products for independent insurance agents and brokers throughout the United States. They specialize in the Information Technology industry including coverage for IT staffing and services, software development, systems integration, value-added resellers and e-commerce businesses. G. Philip Feldman and his associates will continue to operate from their current location in Cambridge, Maryland under the direction of Joel Cavaness, President of Risk Placement Services, Inc. (RPS), a subsidiary of Arthur J. Gallagher & Co.

"ISG International is nationally recognized for their innovation, depth of experience, and dedication to client service," said J. Patrick Gallagher, Chairman, President and Chief Executive Officer. "In addition, their Information Technology specialization will be an excellent complement to our niche practice group capabilities. We are extremely pleased to welcome Phil and his team to our growing RPS 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 100 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-                             03/20/2007
    /CONTACT:  Linda Collins, Investor Relations, for Arthur J. Gallagher &
Co., +1-630-773-3800/
    /Web site:  http://www.ajg.com /
    (AJG)

CO:  Arthur J. Gallagher & Co.; ISG International, Inc.
ST:  Illinois, Maryland
IN:  INS CPR STW ECM
SU:  TNM

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0119 03/20/2007 15:07 EDT http://www.prnewswire.com