NU Online News Service, March 29, 2:42 p.m. EST
Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it plans to acquire the insurance brokerage business of FirstCity Partnership Ltd. of London. Financial terms were not disclosed.
FirstCity Partnership Ltd. is a Financial Services Authority (FSA) authorized Lloyd's insurance broker and advisory firm. According to its Web site, the firm was founded in 1993 and has an office in Manchester, England, and a liaison office in the United States. The employee owned and operated company reported handling annual premiums of more than $500 million for the year ending May 31, 2009.
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