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Arthur J. Gallagher & Co. Acquires Bremer Insurance Agencies, Inc.

1. AJG acquired Bremer Insurance Agencies to expand in the Upper Midwest. 2. Bremer specializes in property/casualty insurance for commercial, agricultural, and personal clients. 3. No terms disclosed; acquisition strengthens AJG's brokerage offerings. 4. Travis Hoaglund and his team will join AJG's Great Lakes region. 5. Gallagher's global presence extends services to 130 countries.

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FAQ

Why Bullish?

Acquisition signifies strategic growth, potentially increasing market share in key regions.

How important is it?

Acquisitions generally lead to positive market reactions, enhancing AJG's competitive position.

Why Long Term?

Integrating Bremer will enhance AJG's offerings, positively affecting growth over the long term.

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ONB
, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of St. Paul, Minnesota-based Bremer Insurance Agencies, Inc. Terms of the transaction were not disclosed. Bremer Insurance Agencies, a subsidiary of Old National Bancorp (NASDAQ:ONB) following the completion of Old National's acquisition of Bremer Bank, is a property/casualty insurance broker serving commercial, agricultural and personal lines clients in Minnesota, North Dakota and Wisconsin. Travis Hoaglund and his team will operate under the direction of Sean Gallagher, head of Gallagher's Great Lakes region retail property/casualty brokerage operations. "Bremer Insurance Agencies has an excellent record of client service and will expand our retail brokerage offerings in the Upper Midwest," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Travis and his associates to Gallagher." Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. SOURCE Arthur J. Gallagher & Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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