Investor Relations

ITASCA, Ill., Feb. 21 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced that effective February 15, 2007, it has completed the previously disclosed acquisition of Lowndes Lambert Group Canada, Ltd. Terms of the transaction were not disclosed.

Lowndes Lambert Group Canada, Ltd. (LLG) is a Canadian property/casualty retail insurance broker offering risk management, commercial, and personal lines insurance services to their North American client base. They also specialize in insurance products for transportation, hospitality and pharmaceutical businesses. Philip G. Kane, LLG's President and CEO, will continue to lead the operation. LLG is headquartered in Toronto, Ontario with offices in eight Canadian locations.

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 over 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-                             02/21/2007
    /CONTACT:  Marsha J. Akin, Investor Relations, Arthur J. Gallagher & Co.,
+1-630-773-3800/
    /Web site:  http://www.ajg.com /
    (AJG)

CO:  Arthur J. Gallagher & Co.; Lowndes Lambert Group Canada, Ltd.
ST:  Illinois, Ontario
IN:  INS FIN
SU:  TNM

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