22 December 2015 Insurance

Arthur J Gallagher acquires retail insurance broker

Arthur J Gallagher & Co, the international insurance broker, has acquired US-based retail insurance broker Brown Hobbs & McMurray Insurance.

Brown Hobbs & McMurray Insurance founders Thomas Brown, Paul Hobbs, William Hobbs, Richard L McMurray and Richard A McMurray and their associates will continue to operate in Urbana under the direction of Michael Pesch, head of Gallagher's Midwest region retail property/casualty brokerage operation.

“BHM has a great reputation for its level of expertise, outstanding client service, and middle-market client focus,” said J Patrick Gallagher, Jr, chairman, president and chief executive officer.

“Their Champaign/Urbana footprint and strong carrier relationships will help expand our central Illinois presence. BHM will be a terrific addition to our Midwest region, and we are extremely pleased to welcome Tom, Paul, Bill, Dick, Rich and their team to our growing Gallagher family of professionals."

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