Arthur J. Gallagher & Co. Acquires Gabor Insurance Services, Inc.

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Gabor Insurance Services, Inc., including its subsidiary, American Professional Liability Underwriters, headquartered in Miami, Florida. Terms of the transaction were not disclosed.

Founded in 1992, Gabor Insurance Services, Inc. (Gabor) is a managing general agency and excess and surplus lines insurance broker that provides commercial and personal property/casualty insurance products and services to its retail broker clients throughout the Southeastern United States. It specializes in commercial property and professional liability with a focus on architects and engineers, lawyers, healthcare and other professionals. Ronald Gabor, Michael Gabor, Robert Kenney and their associates will operate from their Miami, Sebastian, Boca Raton and Tampa, Florida locations under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

J. Patrick Gallagher, Jr., Chairman, President and CEO said, "We are always looking for partners that promote product alternatives, expand our sales and service presence and align with our key markets. Gabor's depth of experience, focus on client service and product specializations will be great complements to Risk Placement Services' niche practice capabilities. We are pleased to welcome Ron, Mike, Bob and their team to Risk Placement Services' family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 33 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors: Marsha J. Akin Media: Linda J. Collins