ITASCA, Ill., Dec. 18, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Brown Hobbs & McMurray Insurance in Urbana, Illinois. Terms of the transaction were not disclosed.
Founded in 1859, Brown Hobbs & McMurray (BHM) is a retail insurance broker providing commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to clients in the Midwest. Thomas Brown, Paul Hobbs, William Hobbs, Dick and Rich McMurray, and their associates will continue to operate in Urbana under the direction of Michael Pesch, head of Gallagher's Midwest region retail property/casualty brokerage operation.
"BHM has a great reputation for its level of expertise, outstanding client service, and middle-market client focus," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their Champaign/Urbana footprint and strong carrier relationships will help expand our central Illinois presence. BHM will be a terrific addition to our Midwest region, and we are extremely pleased to welcome Tom, Paul, Bill, Dick, Rich and their 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 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.