22 May 2015 Insurance

AJG acquires retail insurance broker

Arthur J Gallagher (AJG) has acquired Minnesota-based retail insurance broker James R Weir Insurance Agency.

Founded in 1967, Weir provides commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services to its mid-to-large market clients throughout the Midwest.

It also specialises in insurance coverages for the religious, construction, healthcare and food service industries.

Jay Weir, Michael Donohoe and their associates will continue to operate from their current location under the direction of Michael Pesch, head of Gallagher's Midwest region retail property/casualty brokerage operations.

"The Weir team is well-known for their focus on outstanding client relationships and depth of expertise, which will fit well within our culture," said J Patrick Gallagher, Jr, chairman, president and chief executive officer.

"Their Minnesota presence and strong carrier relationships will be a wonderful complement to our Midwest operations.  We are extremely pleased to welcome Jay, Mike and their team to our growing Gallagher family of professionals.”

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