Arthur J. Gallagher & Co. today announced the signing of a definitive agreement to acquire the Lowndes Lambert Group Canada, Ltd. headquartered in Toronto, Ontario. Terms of the transaction were not disclosed. The transaction is expected to close mid-February, 2007.
With a 50 year history, Lowndes Lambert Group Canada, Ltd. is a Canadian property/casualty retail insurance broker offering risk management, commercial, and personal lines insurance services to their North American client base. They also specialize in insurance products for transportation, hospitality and pharmaceutical businesses. Philip G. Kane and his associates will continue to operate from their eight Canadian locations under the direction of James S. Gault, president of Gallagher’s Brokerage Services Division -Retail.
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has operations in seven countries and does business in 120 countries.
Source: Arthur J. Gallagher & Co
Was this article valuable?
Here are more articles you may enjoy.
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market 
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
Friend of Suspected FBI Data Thief: ‘Crazy’ Teen Warned Not to Hack Bureau 
