ITASCA, Ill., Dec. 20, 2010 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Aviation Insurance Holdings, Inc., headquartered in Las Vegas, Nevada. Terms of the transaction were not disclosed.
Established in 1977, Aviation Insurance Holdings, trading as Aviation Insurance Services (AIS), is a retail insurance broker offering aviation and aerospace insurance and related risk management services for their clients around the world. They also specialize in insurance for aviation parts and accessories manufacturers, aircraft management and charter organizations and fixed-base operators. Ronald A. Hill and his staff will continue to operate in their Nevada, Florida and Illinois locations under the direction of James G. McFarlane, Western Regional Manager of Gallagher's retail property/casualty brokerage operation.
"With over 33 years of industry experience, AIS is well known in the aviation industry for being a team-oriented organization that's focused on providing their clients with the highest quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Not only will they provide us a solid presence in Nevada, their expertise will also be a major addition to Gallagher's aviation practice group. We welcome Ron and his talented 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 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
SOURCE Arthur J. Gallagher & Co.