Arthur J. Gallagher & Co. Acquires Christie Phoenix (Victoria) Ltd

Nov 02, 2015, 18:14 ET from Arthur J. Gallagher & Co.

ITASCA, Ill., Nov. 2, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Christie Phoenix (Victoria) Ltd. ('Christie Phoenix') and affiliate Discovery Insurance Services Ltd. ('Discovery'), located in Victoria, British Columbia.  Terms of the transaction were not disclosed.

Founded more than 40 years ago, Christie Phoenix is a retail insurance broker providing commercial property/casualty and personal lines insurance services to middle-market and individual clients throughout British Columbia. It specializes in developing tailored programs for the commercial realty sector, as well as small business insurance packages and auto, home, marine and travel coverage. Discovery was established more than 20 years ago and offers products across similar classes of business. Chris Flint and his associates will continue to operate in their current locations under the direction of Ken Keenan, head of Gallagher's Canadian brokerage operation.

"Christie Phoenix and Discovery are just the type of client-focused new merger partners we hoped to attract when we created our platform for growth in Canada," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their strong carrier relationships, highly regarded niche expertise and geographic presence in British Columbia will be an excellent complement to our Canadian operations. We are pleased to welcome Chris and his colleagues 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.

Investors:  Marsha J. Akin

Media:  Linda J. Collins

Director – Investor Relations

VP – Corporate Communications


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