|By PR Newswire||
|March 4, 2014 03:00 PM EST||
ITASCA, Ill., March 4, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Tudor Risk Services, LLC located in Woburn, Massachusetts. Terms of the transaction were not disclosed.
Founded in 2009, Tudor Risk Services (Tudor) is a retail insurance broker providing property/casualty, risk management services and employee benefits insurance and consulting services. They offer all lines of property and casualty insurance coverage, group health, welfare and wellness plans, and employee benefits consulting services for their commercial and high net worth clients throughout the northeastern United States. They specialize in the technology, life sciences, healthcare and ambulatory, real estate, financial and professional services and manufacturing industries. William Frain III, Thomas Porell and their colleagues will continue to operate under the direction of Douglas Brown, head of Gallagher's northeastern retail property/casualty brokerage operations and David Ziegler, head of Gallagher's eastern employee benefit consulting and brokerage operations.
"We continue to find new acquisition partners that have a strong level of industry experience and focus on high-quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Tudor's northeastern presence and expertise will be a terrific complement to our property/casualty and employee benefits brokerage operations. We are pleased to welcome Bill, Tom and their 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 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 Akin
Director - Investor Relations
SOURCE Arthur J. Gallagher & Co.