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Arthur J. Gallagher & Co. Acquires Lloyd Bedford Cox, Inc.

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ROLLING MEADOWS, Ill., Sept. 14, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Bedford Hills, NY-based Lloyd Bedford Cox., Inc. (LBC). Terms of the transaction were not disclosed.

Founded in 1921, LBC is a fourth-generation retail insurance agency providing comprehensive insurance coverage, services and risk assessment tools to high-net-worth individuals and families throughout the United States, Europe, the Bahamas and the Caribbean. J. Jeffers Cox and his associates will remain in their current location under the direction of Patrick Kennedy, head of Gallagher's Eastern region retail property/casualty brokerage operations.

"The LBC team has earned a great reputation for its expertise in serving emerging affluent and high-net-worth clients, and this provides us an opportunity to expand our high-net-worth practice in a key market," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Jeff and his team to our growing global company."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 57 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors:  Ray Iardella 




Media:  Linda J. Collins   

VP - Investor Relations




VP- Corporate Communications

630-285-3661/ ray_iardella@ajg.com 




630-285-4009/ linda_collins@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co.

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About AJG

gallagher, a global insurance brokerage and risk management services firm, helps clients address risk, protect assets and recover from losses. the products and services we provide keep businesses and institutions running, and enable individuals and families to rebuild their lives. gallagher is the only insurance broker recognized by the ethisphere institute as a world's most ethical company. gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. gallagher also offers claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services. find us on social media: facebook: http://www.facebook.com/lifeatgallagher instagram: http://instagram.com/lifeatgallagher twitter: https://twitter.com/lifeatgallagher or http://twitter.com/ajgcorporate