AJG buys Aequus Trade Credit

Arthur J Gallagher (AJG) has acquired specialist insurance broker Aequus Trade Credit.

Established in 1997, Aequus offers credit risk mitigation products and services. It focuses primarily on credit and political risk insurance and accounts receivable puts for middle-market and Fortune 1000 clients throughout the US.

Marc Wagman and his associates will continue to operate under the direction of Douglas Brown, head of Gallagher's Northeastern region retail property/casualty brokerage operation.

"The Aequus team is well known for their industry experience and solid market relationships," said J. Patrick Gallagher, chairman, president and chief executive officer.

"Their expertise will be a wonderful complement to our trade credit and political risk practice group. We look forward to working with Marc and his colleagues, and we welcome them to our growing Gallagher family of professionals."