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The firm acquires Nourse Insurance Brokers and Walker Taylor Agency.

Creative Benefits Solutions will continue to operate in Louisville.

Arthur J. Gallagher & Co., reversing a $6 million loss for the period in 2008, reported first quarter net income of $26.4 million, helped by a strategy of acquisitions and cost cutting.

Gallagher said Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant and insurance broker offering employee benefits insurance and consulting services to Texas clients.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. has acquired PartnerSource Inc. in Dallas, Texas. Transaction terms were not released. PartnerSource principals Bill Minick, Russell Huber and Richard Johnson and their 21 associates will

Gallagher said PartnerSource is a retail insurance broker and consultant specializing in the design, implementation and ongoing support of nonsubscription programs and will serve as an alternative

The company reported net income dropped close to $19 million to $5 million in the quarter from $23 million in the prior-year fourth quarter. Earnings per share for the quarter stood at 5 cents per

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. has declared a regular quarterly cash dividend of 32 cents per share on the company's common stock payable on April 15 to shareholders of