Arthur J. Gallagher & Co. said it has acquired Tri-State General in Salisbury, Maryland. Terms of the transaction were not disclosed.
Established in 1979, Tri-State General is a specialty wholesale and managing general agency (MGA) operation that places transportation, garage, professional liability, special events, and property/casualty insurance for its retail insurance broker clients throughout Maryland, Pennsylvania, Delaware, New Jersey, Virginia, Ohio and Washington, D.C.
Tri-State General’s Edward Dickerson and his team will continue to operate from their Salisbury location under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher & Co.
Headquartered in Itasca, Ill., Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm. It has operations in 27 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.
Related Articles:
Arthur J. Gallagher: Q1 Revenues Up 20%; 10 Mergers in Pipeline
Gallagher Buys Florida’s MGA Insurance Group
Arthur J. Gallagher Acquires Sunderland in California
Arthur J. Gallagher Acquires Spataro Insurance Agency in New York
Topics Mergers & Acquisitions Maryland
Was this article valuable?
Here are more articles you may enjoy.
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War 
US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners 
March Sadness: 20,000 New Englanders Lose Out on $50 Million in Refunds 
Toymaker Hasbro Reports Cybersecurity Incident 
