Arthur J. Gallagher & Co. said it will acquire Toronto-based Lowndes Lambert Group Canada, Ltd. Financial terms of the transaction were not released.

The Itasca, Ill.-based insurance broker said the deal is expected to close in mid-February.

Lowndes Lambert Group is a Canadian property-casualty retail insurance broker offering risk management, commercial and personal lines insurance services to their North American client base.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.