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Arthur J. Gallagher & Co. Acquires Marine Insurance Service, LLC

ITASCA, Ill., Jan. 14 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Marine Insurance Service, LLC of Metairie, Louisiana. Terms of the transaction were not disclosed.

Originally founded in 1975, Marine Insurance Service, LLC is a retail insurance broker offering risk management, ocean marine and commercial property/casualty insurance services primarily to their Louisiana clients. They specialize in all marine insurance coverages for shipyards, environmental companies and companies involved in the offshore drilling industry. Edward J. Ryan, Jr. and his staff will continue to operate in Metairie, Louisiana under the direction of Mitch L. Brashier, Mid-South Regional Manager of Gallagher's Brokerage Services Division - Retail.

J. Patrick Gallagher, Jr., President and Chief Executive Officer said, "With their solid market expertise and client focus, Marine Insurance Service will be an excellent addition to our marine niche in the southern coastal United States and Gulf of Mexico region. We are extremely pleased to welcome Ed and his 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 nine 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-                             01/14/2005
    /CONTACT: Marsha J. Akin, Investor Relations of Arthur J. Gallagher & Co.,
    /Web site: /

CO:  Arthur J. Gallagher & Co.; Marine Insurance Service, LLC
ST:  Illinois, Louisiana

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6151 01/14/2005 12:36 EST