24 March 2022Insurance

Arthur J Gallagher swoops for US surplus lines agency

Global re/insurance broker  Arthur J Gallagher & Co. has acquired a US-based surplus lines agency serving businesses and individuals with complex, unique or hard-to-place risks.

Following the deal, Springfield, Missouri-based Commercial Insurance Underwriters (CIU) will operate under Gallagher's US wholesale brokerage, binding authority and programmes division.

Kim Moore and her associates will remain in their current location under the direction of Matt Lynch, head of Central Region-Binding for Risk Placement Services.

Founded in 1984, CIU is a surplus lines agency offering commercial, personal and professional lines coverages for businesses and individuals with complex, unique or hard-to-place risks, primarily throughout the upper and lower Midwest.

"CIU is a widely known, well-managed agency that enhances RPS's existing presence in the Springfield region," said J. Patrick Gallagher, Jr. (pictured), chairman, president and CEO. "I am very pleased to welcome Kim and her associates to Gallagher."

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