Arthur J. Gallagher & Co. brokerage announced it has acquired wholesale insurance broker and managing general agent AVRECO from The Park Group Inc. Terms of the deal were not released.
Itasca, Ill.-based Gallagher said the acquisition was completed Monday and that Chicago-based AVRECO specializes in niche markets with a significant medical malpractice and professional liability department.
It said the firm also deals in nonprofit and for-profit D&O, employment-related practices, property coverage for both large accounts and packages, general casualty and excess liability, and provides products for independent insurance agents and brokers throughout the United States. AVRECO was founded in 1962.
Recommended For You
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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
