Arthur J Gallagher buys California retail broker
Arthur J Gallagher & Co, the insurance brokerage and risk management services firm, has purchased California-based retail insurance broker firm GS Levine Insurance Services.
Founded 1987, GS Levine offers an array of property/casualty, employee benefits and risk management insurance services across the Western US.
The company specialises in offering coverage for the real estate, healthcare, food processing, manufacturing, technology and financial services industries.
Post-transaction, Gary Levine, Ross Afsahi and their associates will continue to work from their current San Diego location under the direction of James McFarlane, leader of Gallagher's western retail property/casualty brokerage operations, and Norbert Chung, leader of Gallagher's western employee benefits brokerage and consulting operations.
Patrick Gallagher, chief executive of Arthur J Gallagher & Co, said that GS Levine is well known in the industry for its strong client commitment, solid carrier relationships and technical expertise.
“Their client-focused culture, solid San Diego presence and depth of experience will be an excellent complement to our Western Region brokerage operations, and we are extremely pleased to welcome Gary, Ross and their colleagues to our growing Gallagher family of professionals," he said.
The latest acquisition follows acquisition of RJ Dutton of Overland Park, Kansas, a provider of employee benefit consultation and brokerage services across the country, in early October this year.
In September, it signed three acquisition contracts, including with London-based Giles Group of Companies, New York's fine arts broker team of Jeffrey Haber and Michael Fischman, and Belmont International, an England-based risk management advisor and insurance broker.
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