Insurance broker Arthur J. Gallagher & Co said it hasacquired Intermountain Financial Benefits of Salt Lake City, Utah,and become a major shareholder in CGM Group, headquartered inKingston, Jamaica.

The acquisition was the third in two weeks for the Itasca,Ill.-based firm. Terms of both the Jamaica and Utah transactionswere not released.

Intermountain Financial, founded in 1995, is an employeebenefits insurance broker offering a broad range of employeebenefits insurance and consulting services. The firm specializes ingroup life, accident, health, dental, retirement, long- andshort-term disability, and cafeteria plans, said AJG.

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