Arthur J. Gallagher & Co. announced the acquisition of Encore Insurance & Bonding Inc. of New Orleans, La., a full-service insurance agency which specializes in offering risk management and commercial property/casualty insurance services and bonding for clients in the marine, energy, oilfield and construction industries. Terms of the transaction were not disclosed.
Encore’s Ron Schexnaydre, Howard Crosby and their staff will relocate to Gallagher’s current offices in New Orleans and operate under the direction of Mitch Brashier, Gallagher’s South Central regional manager.
J. Patrick Gallagher, president and CEO of Arthur J. Gallagher & Co., stated, “Strengthening our client product and service capabilities is a major priority for us particularly with today’s market, and what better way to help accomplish that goal than to acquire a quality firm such as Encore. This outstanding company is a great addition to our South Central Region, further solidifying our position as one of Louisiana’s top brokers. We welcome Howard, Ron and their team to our growing Gallagher family of professionals.”
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has offices in seven countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.
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