Arthur J. Gallagher & Co. Acquires Risk Planners, Inc.

Mar 07, 2011, 11:51 ET from Arthur J. Gallagher & Co.

ITASCA, Ill., March 7, 2011 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Risk Planners, Inc., a wholly owned subsidiary of SUPERVALU INC., in Eden Prairie, Minnesota.  Terms of the transaction were not disclosed.

Formed in 1969, Risk Planners, Inc. (RPI) is a retail insurance agency offering all forms of risk management and property/casualty insurance products and services to their independent business clients throughout the United States.  They specialize in commercial insurance coverage for the retail grocery industry.  RPI will continue to operate under the direction of Thomas J. Gallagher, Midwest Regional Manager of Gallagher's retail property/casualty brokerage operation.

"With over 40 years of experience, RPI is well known for its high quality service and strong carrier relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "Their solid expertise in the retail grocery industry and sales-based culture will be an excellent addition to our niche product and service capabilities.  We are extremely pleased to welcome the RPI 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 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.

CONTACT: Marsha J. Akin - Investor Relations

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SOURCE Arthur J. Gallagher & Co.