Arthur J. Gallagher & Co. Acquires Premier Risk Services, Inc.

Dec 01, 2010, 15:54 ET from Arthur J. Gallagher & Co.

ITASCA, Ill., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Premier Risk Services, Inc. in Itasca, Illinois. Terms of the transaction were not disclosed.

Formed in 1986, Premier Risk Services is a retail insurance broker providing commercial property/casualty and employee benefits insurance and consulting services to their clients in the Midwest.  They specialize in insurance coverage for the real estate, construction and manufacturing industries.  Dino Gavanes and his associates will continue to operate in their Itasca location under the direction of Thomas J. Gallagher, Midwest Regional Manager of Gallagher's retail property/casualty brokerage operation.

"Premier Risk Services is another good example of how we continue to find great businesses that fit perfectly into our culture and that complement our areas of expertise," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "This company has grown consistently over the years by providing exceptional value to its clients through its teamwork approach to service, which is what we focus on every day.  We are pleased to welcome Dino 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 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.  

Contact:  Marsha J. Akin -Investor Relations

(630) 285-3501/marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.