Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus-lines business into Louisiana with the acquisition of First Premium Insurance Group Inc.
Established in 1973, First Premium, a Covington, La.-based managing general agency (MGA) and wholesale broker, provides insurance products for independent agents and brokers throughout the southern United States. First Premium specializes in manufactured homes, personal lines and commercial P&C business.
Jay Pellegrini Jr., Greg Pellegrini, First Premium's principals, and their associates, numbering about 65 employees, will continue to operate from their current location. They will be under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of AJG.
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