Itasca, Ill.-based Arthur J. Gallagher & Co. said it hasacquired Koster Insurance Agency Inc. of Quincy, Mass. Terms of thedeal were not released.

Founded in 1994, Koster Insurance is an insurance and riskmanagement agency that develops and administers student health,sports accident and special risk insurance programs for colleges,universities and secondary schools throughout the United States.They also offer health, medical, accident and property insurancegeared to the higher education community.

Teresa Koster, the principal, and her associates ofapproximately 27 will continue to operate in their current locationas Gallagher Koster and will become a part of Gallagher's HigherEducation Practice Group.

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