Arthur J. Gallagher & Co. Purchases Classic Insurance Services

Arthur J. Gallagher & Co. announced the acquisition of Classic Insurance Services Ltd. of Lisle, Illinois. Terms of the transaction were not disclosed.

Incorporated in 1983, Classic Insurance Services Ltd. offers medical professional liability services for their physician and surgery center clients in the Midwest. Vincent Lovelle and his associates will continue to operate out of their Lisle location as a unit of Gallagher Healthcare Insurance Services, a subsidiary of Arthur J. Gallagher & Co. They will be under the direction of James Braniff, III, South Central Regional manager of Gallagher’s Brokerage Services Retail Division.

J. Patrick Gallagher, Jr., president and CEO said, “Our acquisition program continues its steady pace as we acquire companies that add to our sales and service capabilities. Classic’s medical malpractice expertise will fit perfectly into Gallagher Healthcare Insurance Services’ fast-growing healthcare niche. We are extremely pleased to welcome Vince and his team to our growing Gallagher family of professionals.”