Gallagher Buys Florida’s MGA Insurance Group

Arthur J. Gallagher & Co. said it has acquired MGA Insurance Group of Lakewood Ranch, Florida. Terms of the transaction were not disclosed.

Established in 1989, MGA Insurance Group (MGA) is a national program administrator that provides insurance programs for independent insurance and financial service contractors. It specializes in professional liability and other affinity products such as life, ancillary health, business service discounts and training.

MGA’s Lou Marinaccio and his team will continue to operate from their Lakewood Ranch location under the direction of Kevin Garvin, head of Gallagher’s North American affinity operations.

Topics Florida Mergers & Acquisitions Insurance Wholesale A.J. Gallagher