Arthur J. Gallagher & Co. recently announced the acquisition of American Wholesalers Underwriting in Stamford, Conn. Terms of the transaction were not disclosed.
Established in 1994, American Wholesalers Underwriting is a managing general agent and program manager which provides commercial property/casualty insurance products and services to their independent insurance agent and broker clients throughout the United States.
American Wholesalers Underwriting specialize in program coverage for the durable and non-durable goods wholesale distribution space. John Shea and his associates will continue to operate from their Stamford, Conn., and Bonita Springs, Fla., locations under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher.
Arthur J. Gallagher’s Chairman, President and CEO, J. Patrick Gallagher, Jr., said American Wholesalers Underwriting’s specialty program products and service capabilities will be “a terrific addition” to Risk Placement Services’ expanding wholesale network.
Headquartered in Itasca, Ill., Arthur J. Gallagher is an international insurance brokerage and risk management services firm. It has operations in 25 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.
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