Arthur J. Gallagher & Co. Acquires Maryland’s The Novick Group

Arthur J. Gallagher & Co. has acquired Rockville, Md.-based The Novick Group Inc.

Founded in 1987, The Novick Group is a retail property and casualty broker focused on providing insurance products and services to nonprofits and association clients throughout the U.S.

Areas of specialization include complex liability and event cancellation coverages. Lou Novick, Julia Van De Wille and their associates will continue to operate from their current location under the direction of Dan Tropp, head of Gallagher’s Mid-Atlantic retail property and casualty brokerage operations.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.

Topics Mergers & Acquisitions Maryland