Arthur J. Gallagher & Co. has signed an agreement to acquire all of the policy renewal rights from Liberty Mutual’s middle-market commercial property/casualty business located in their Midwest and Southeast regions. Gallagher is also acquiring the policy renewal rights and hiring the national producer group from Wausau Signature Agency, Liberty Mutual’s commercial property/casualty and employee benefits insurance agency headquartered in Wausau, Wisc.

Gallagher expects to hire approximately 75 Liberty Mutual producers. The Wausau transaction will add approximately 120 new insurance sales professionals to Gallagher’s retail commercial property/casualty brokerage operation.

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