Arthur J. Gallagher Acquires NJ, DC Brokers

November 9, 2001

Arthur J. Gallagher has added three new brokers to its recent list of acquisitions, taking control of Cashan & Company of Hammonton, New Jersey; Hartstein Associates, Inc. of Warren, New Jersey, and Washington DC’s Henderson Phillips Fine Arts.

Gallagher Executive VP Michael J. Cloherty commented that, “Our growth strategy continues to focus on providing our clients with the best products and services available. These three exceptional companies will add measurably to our risk management and employee benefits resources on the East Coast and our fine arts capabilities nationally.”

Cashen & Co. provides p/c insurance, risk management and employee benefit services to a diverse group of governmental, commercial and personal clients, specializing in the development and administration of public entity risk management pools for municipalities, county governments and school districts. It will continue to operate in its present location under the direction of John Stancik, Gallagher’s Northeast Regional Manager.

Hartstein Associates provides employee benefit and human resource brokerage and consulting services, specializing in “not-for-profit hospitals”. Michael Hartstein and his staff will continue operations in their present offices under the direction of David Ziegler, Easter Regional Manager of Gallagher Benefit Services.

Henderson Phillips Fine Arts is one of the largest brokers specializing in insurance for museums and private art collectors throughout the U.S. It will continue to operate from the present Gallagher Fine Arts facilities in Washington DC, Los Angeles and London.

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