SYS-CON MEDIA Authors: Jason Bloomberg, Eric Brown, Bob Gourley, Sandi Mappic, RealWire News Distribution

News Feed Item

Arthur J. Gallagher & Co. Acquires An Equity Interest In JAO & Partners

ITASCA, Ill., Feb. 28, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that it has partnered with Grupo CP to acquire a 56% equity interest in JAO & Partners, located in Lima, Peru, which has annualized revenues of approximately $4 million.  Other terms of the transaction were not disclosed.

Formed in 2009, JAO & Partners primarily places property & casualty and financial institution risk products to its predominately Peruvian clients. They specialize in the energy, mining and construction industries.  Jose Antonio Osterling and his associates will continue to operate from their current Lima location under the ultimate direction of Vyvienne Wade, head of Gallagher's international commercial operations based in London.   

"We continue to expand our international sales and service capabilities by building relationships with strong international brokers that we can develop into solid strategic partners," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "JAO & Partners has an outstanding reputation for its client-focused, innovative and specialized team.  They are a great cultural match for our organization, and their expertise will help broaden our international presence in Latin America.  We are pleased to partner with Jose Antonio and his associates."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, now has operations in 25 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

CONTACT:  Marsha J. Akin
Director – Investor Relations
630-285-3501 or [email protected]

SOURCE Arthur J. Gallagher & Co.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.