NU Online News Service, May 23, 2:30 p.m. EDT--Itasca, Ill.-based Arthur J. Gallagher & Co. said it has acquired Alternative Market Specialists for undisclosed terms.

Alternative Market Specialists, headquartered in Edina, Minn., is a managing general agent and wholesale insurance broker providing insurance products for independent insurance agents and brokers throughout the United States.

The acquired firm specializes in the production, underwriting and placement of public entity accounts that desire a protected self-insured program. The firm also deals in educational and commercial accounts.

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