AJG Buys NYC Broker
NU Online News Service, July 2, 12:38 p.m. EDT?Insurance broker Arthur J. Gallagher & Co., Itasca, Ill., announced the acquisition of J. A. Lorenzo & Co. of New York City.
Founded in 1985, J. A. Lorenzo & Company is a full-service retail insurance broker offering risk management, marine cargo, commercial property-casualty, trade credit and political risk insurance services to a diverse client base.
AJG said the firm also specializes in insurance products for the steel industry. While their clients are located primarily in the Northeast, they service companies throughout the United States as well.
Joseph A. Lorenzo and his staff will continue to operate in their downtown Manhattan location under the direction of John Stancik, Northeast Regional Manager of Gallagher's Brokerage Services Division.
Terms of the transaction were not disclosed.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
