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SOURCE Arthur J. Gallagher & Co.
ITASCA, Ill., June 13, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of The Plus Companies, Inc. in Bridgewater, New Jersey. Terms of the transaction were not disclosed.
Established in 1985, The Plus Companies, Inc. (TPC) is a managing general agent and program manager which provides non-medical, professional liability and umbrella insurance products and services to their independent insurance agent and broker clients throughout the United States. They specialize in liability programs for lawyers, architects, engineers, insurance agents and brokers, surplus lines brokers, managing general agents and title insurance and escrow agents. Robert Ciuffreda and his associates will continue to operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
"We continue to find partners that are highly-regarded in the industry for their excellent sales and service capabilities," said J. Patrick Gallagher, Jr, Chairman, President and CEO. "TPC's depth of experience, outstanding carrier relationships, 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 Bob and his 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 27 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
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