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4-Traders Homepage  >  Equities  >  Nyse  >  Arthur J Gallagher & Co    AJG

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Arthur J. Gallagher & Co. : Acquires 78.5% Interest in Insurance Dialogue Limited

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05/08/2012 | 12:35pm CEST

ITASCA, Ill., May 8, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired a 78.5% interest in Insurance Dialogue Limited of Bournemouth, England. Terms of the transaction were not disclosed.

Insurance Dialogue Limited (IDL), trading under the brand Insure4Retirement, is a retail insurance broker providing personal lines insurance for their clients primarily in the U.K. that are over 50 years of age. IDL specializes in a full spectrum of personal insurance coverage within the homeowner and automobile markets. Managing Director, David Holden and his colleagues will continue to operate out of their current location under the direction of David Ross, CEO of Gallagher's London-based international brokerage operation.

"We continue to find great partners that will help enhance our sales capabilities. IDL's team is focused on driving growth by providing their clients with quality products and services," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their expertise will be a strong complement to our Gallagher Heath operations, and we're extremely pleased to welcome David and his associates 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 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.

CONTACT: Marsha J. Akin
Director - Investor Relations
630-285-3501 or marsha_akin@ajg.com

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