16 June 2014 Insurance

AJG acquires professional liability MGA

Arthur J. Gallagher (AJG) has acquired New Jersey-based managing general agent (MGA) The Plus Companies (TPC).

Established in 1985, TPC is a MGA and programme manager which provides non-medical, professional liability and umbrella insurance products and services to their independent insurance agent and broker clients throughout the US.

It specialises in liability programs for lawyers, architects, engineers, insurance agents and brokers, surplus lines brokers, managing general agents and title insurance and escrow agents.

Robert Ciuffreda and his associates will continue to operate from their current location under the direction of Joel Cavaness, president of Risk Placement Services, a subsidiary of AJG.

"We continue to find partners that are highly-regarded in the industry for their excellent sales and service capabilities," said Patrick Gallagher, chairman, president and chief executive officer.

"TPC's depth of experience and outstanding carrier relationships focus on client services and product specialisation will be a great complement to Risk Placement Services' niche practice capabilities. We are extremely pleased to welcome Bob and his team to Risk Placement Services' family of professionals."

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