ROLLING
MEADOWS, Ill., Jan. 30,
2024 /PRNewswire/ -- Arthur J. Gallagher &
Co. today announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the
transaction were not disclosed.
Horak Insurance is a retail property/casualty insurance agency
serving commercial and personal lines clients as well as farms in
eastern and central Iowa.
Paul Horak, Luke Horak and their team will remain in their
current locations under the direction of Ryan Isaacs, head of Gallagher's Midwest region
retail property/casualty brokerage operations.
"Horak Insurance has a long-standing reputation in the
communities they serve and provides significant growth
opportunities for our business in Iowa," said J. Patrick
Gallagher, Jr., Chairman and CEO. "I am delighted to welcome
Paul, Luke and their associates to Gallagher."
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides
these services in approximately 130 countries around the world
through its owned operations and a network of correspondent brokers
and consultants.
Investors: Ray
Iardella, VP - Investor Relations
|
Media: Paul Day,
Communications Manager
|
630-285-3661/
ray_iardella@ajg.com
|
630-285-5946/
paul_day1@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.