ITASCA, Ill., May 9, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Sunderland Insurance Services, Inc. in Walnut Creek, California. Terms of the transaction were not disclosed.
Established in 1985, Sunderland Insurance Services, Inc. (Sunderland) is a managing general underwriter that provides excess and surplus hired and non-owned auto, liability and umbrella insurance products and services to their wholesale broker clients throughout the United States. They will continue to use their current wholesale distribution system. They also specialize in mono-line coverage for companies with food delivery services. Holly Belknap and her associates will operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
J. Patrick Gallagher, Jr, Chairman, President and CEO said, "We are always looking for partners that promote new product alternatives and expand our sales and service presence. Sunderland's depth of experience, focus on client services and product specialization will be a great complement to Risk Placement Services' niche practice capabilities. We are extremely pleased to welcome Holly and her team to Risk Placement Services' family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 25 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Contact: Marsha J. Akin Director-Investor Relations 630-285-3501 or firstname.lastname@example.org
SOURCE Arthur J. Gallagher & Co.