Arthur J. Gallagher (AJG) Acquires BMR Insurance

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance. Terms of the transaction were not disclosed.

BMR Insurance is a retail insurance agency serving commercial and personal lines clients primarily across Southern California. Gary Arch and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.

"BMR Insurance has a culture like our own and will expand our retail brokerage capabilities in Southern California," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Gary and his associates to Gallagher."

You May Also Be Interested In

• Real and RE/MAX Holdings receive court approval for merger
• OBOOK Holdings posts $18.8M net loss as OwlPay Harbor volume rises
• Alzamend Neuro (ALZN) files for 98.4M share offering by selling stockholders