Arthur J. Gallagher & Co. today announced the signing of a definitive agreement to acquire the Lowndes Lambert Group Canada, Ltd. headquartered in Toronto, Ontario. Terms of the transaction were not disclosed. The transaction is expected to close mid-February, 2007.
With a 50 year history, Lowndes Lambert Group Canada, Ltd. is a Canadian property/casualty retail insurance broker offering risk management, commercial, and personal lines insurance services to their North American client base. They also specialize in insurance products for transportation, hospitality and pharmaceutical businesses. Philip G. Kane and his associates will continue to operate from their eight Canadian locations under the direction of James S. Gault, president of Gallagher’s Brokerage Services Division -Retail.
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has operations in seven countries and does business in 120 countries.
Source: Arthur J. Gallagher & Co
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