AJG buys Cohn Financial Group
Arthur J Gallagher has acquired private placement life insurance distributor Cohn Financial Group (CFG).
Established in 1987, CFG works exclusively with high net worth families and individuals throughout the US.
It specialises in customised private placement variable universal life insurance and private placement variable annuities. CFG also assists in creating insurance-dedicated funds for preferred investment firms to manage premiums and cash values inside the policy or annuity.
Michael Cohn and his associates will continue to operate in their current location under the direction of Norbert Chung, head of Gallagher's Western employee benefit consulting and brokerage operations.
"CFG is well regarded for its depth of expertise and strong experience in ultra-complex life insurance cases as well as its high-level of quality service which is required for these policies," said J Patrick Gallagher, Jr, chairman, president and chief executive officer.
"They also have a strong distribution network that offers the potential for future cross-selling opportunities. Their team's highly specialised practice focus and service model will be a wonderful addition to our employee benefits team, and we are pleased to welcome Mike and his colleagues to our growing Gallagher family of professionals."
