Arthur J. Gallagher & Co. Acquires Schiff, Kreidler-Shell Insurance and Risk Services

ITASCA, Ill., May 2, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG)  today announced the acquisition of Schiff, Kreidler-Shell Insurance and Risk Services headquartered in Cincinnati, Ohio.  Terms of the transaction were not disclosed.

With operations dating back to 1876, Schiff, Kreidler-Shell Insurance and Risk Services (SKS) is a retail insurance broker providing property/casualty, employee benefits and risk management insurance and consulting services to their clients throughout the central United States. They specialize in the construction, agriculture, manufacturing, healthcare and financial service industries as well as cultural and social service non-profit organizations.  Thomas R. Dietz and his colleagues will continue to operate from their Cincinnati and Edgewood, Kentucky locations as Gallagher SKS under the direction of Thomas J. Gallagher, head of Gallagher's Midwest retail property/casualty brokerage operations.

"For over a century, SKS has built a highly-regarded and successful business based on its commitment to quality client services.  Their highest priority is their clients' needs which make them a great fit with our sales and service culture," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "Our combined resources will significantly add to our geographic presence in this region while their expertise will be a great complement to both our property/casualty and benefits brokerage operations.  We are pleased to welcome Tom 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 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- Investor Relations
630-285-3501 / [email protected]

SOURCE Arthur J. Gallagher & Co.