Arthur J. Gallagher & Co. Acquires MGC Group and AAFBC
01/04/2023 - 09:00 AM
ROLLING MEADOWS, Ill. , Jan. 4, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Corporate Insurance Analysts, Inc., dba MGC Group, and The Agents Association of FB Companies (AAFBC). Terms of the transaction were not disclosed.
Founded in 2004, MGC Group and AAFBC provide association guaranteed issue group insurance benefits to captive independent contractors across multiple U.S. states. John Matthews and his team will operate under the direction of Kevin Garvin , head of Affinity North America for Gallagher's retail property/casualty brokerage operations.
"MGC Group and AAFBC are highly-regarded businesses whose product offerings complement Gallagher Affinity's existing footprint," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "I am very pleased to welcome John and his associates 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 . Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co.
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Insurance Agencies and Brokerages
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Finance and Insurance
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Finance, Insurance Brokers/Services, Finance and Insurance, Insurance Agencies and Brokerages
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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