Arthur J. Gallagher & Co. Acquires The Andersen Group

(Low)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

acquisition

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/06/2023 - 09:00 AM EDT

ROLLING MEADOWS, Ill., July 6, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Chantilly, Virginia-based The Andersen Group. Terms of the transaction were not disclosed.

The Andersen Group is a retail insurance agency serving non-profit trade associations, government contractors and engineering services companies in the greater Washington, D.C. area. Frank Andersen and his associates will operate under the direction of Bumpy Triche, head of Gallagher's Mid-South retail property/casualty brokerage operations.

"Frank and his team are highly respected, and their market expertise will enhance our capabilities in the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome them 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.

Investors: Ray Iardella, VP - Investor Relations	Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com