Gallagher Buys La.’s Marine Insurance Service

Ill.-based Arthur J. Gallagher & Co. announced it has acquired Marine Insurance Service LLC of Metairie, La. Terms of the transaction were not disclosed.

Originally founded in 1975, Marine Insurance Service LLC is a retail insurance broker offering risk management, ocean marine and commercial property/casualty insurance services primarily to their Louisiana clients. The company specializes in all marine insurance coverages for shipyards, environmental companies and companies involved in the offshore drilling industry. Edward J. Ryan, Jr. and his staff will continue to operate in Metairie, under the direction of Mitch L. Brashier, Mid-South regional manager of Gallagher’s Brokerage Services Division – Retail.

J. Patrick Gallagher, Jr., president and CEO said, “With their solid market expertise and client focus, Marine Insurance Service will be an excellent addition to our marine niche in the southern coastal United States and Gulf of Mexico region. We are extremely pleased to welcome Ed and his team to our growing Gallagher family of professionals.”