Arthur J. Gallagher & Co. Acquires Albany Insurance Services Limited

Arthur J. Gallagher & Co. has announced the acquisition of New Zealand-based Albany Insurance Services Limited (Albany Insurance). Terms of the transaction were not disclosed.

Albany Insurance is a retail insurance broker serving commercial and personal lines clients in New Zealand's Auckland and Canterbury regions. The Albany Insurance team, led by Jeremy Bleakley, will operate under the direction of Carl O'Shea, head of Gallagher's New Zealand retail brokerage operations.

"Albany Insurance's market expertise and client-first culture will enhance our brokerage operations in New Zealand," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Jeremy and his associates to Gallagher."

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.