NU Online News Service, July 5, 12:07 p.m.EDT
|Itasca, Ill.-based insurance broker Arthur J. Gallagher &Co. says it has acquired Mortgage Insurance Agency, Ltd. in CrystalLake, Ill.
|Terms of the transaction were not released.
|Founded in 1993, Mortgage Insurance is a retail insurance brokerproviding commercial property and casualty and risk managementservices to their clients throughout the United States. Theyspecialize in state licensed surety bonds, errors and omissions,and fidelity bond coverages for their mortgage broker and mortgagebanker clients nationally.
|David J. Jackson, the principal, and his associates,approximately 20 employees, will continue to operate at theircurrent location under the direction of Thomas J. Gallagher,Midwest regional manager of Gallagher’s retail P&C brokerageoperation.
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