AJG acquires retail insurance broker

Arthur J. Gallagher (AJG) has acquired Hagedorn & Company located in New York.

Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group benefits and personal lines insurance products and services for commercial and individual clients throughout the northeastern United States.

It specialises in insurance coverage for the financial, manufacturing, real estate, healthcare, legal and marine industries as well as for non-profit organisations, schools and municipalities.

Daniel Gabel and his associates will continue to operate in New York City and White Plains, New York under the direction of Douglas Brown, head of Gallagher's northeastern retail property/casualty brokerage operations.

"For nearly 150 years, Hagedorn has developed an excellent reputation for delivering the highest quality, cost effective insurance solutions to their customers," said J. Patrick Gallagher, chairman, president and chief executive officer.

"With their depth of expertise, solid market relationships and emphasis on niche specialisations, they will be an excellent addition to our Northeastern operations. We are extremely pleased to welcome Dan and his colleagues to our growing Gallagher family of professionals."