AJG acquires Vegas-based MGA
Insurance broker Arthur J Gallagher & Co has acquired Las Vegas-based managing general agent (MGA) KDC Associates.
With a history dating back to 2008, KDC Associates (KDC) provides property/casualty and other specialty insurance products and services to independent retail insurance broker clients. It specialises in the automobile, manufacturing, commercial construction, wholesale, hotels and property owner industries.
Kevin Lay, president at KDC Associates, and his colleagues will continue to operate from their current location under the direction of Joel Cavaness, president of Risk Placement Services, a subsidiary of Arthur J Gallagher & Co.
J Patrick Gallagher, Jr, president and chief executive officer, Arthur J Gallagher & Co, said: "KDC is widely respected in the industry for its strong limited distribution retail network, depth of experience, and dedication to client service. Not only do they add to our wholesale geographic footprint, but their talented sales team brings with it years of specialty product knowledge which enables them to handle and match hard to place risks.
“Their market relationships and expertise will be a wonderful complement to our expanding wholesale network, and we are extremely pleased to welcome Kevin and his colleagues to our growing Risk Placement Services' family of professionals."
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