AJG Acquires Wash. Wholesaler
NU Online News Service, Nov. 4, 11:00 a.m. EST?Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co., has acquired National Insurance Professionals Corporation of Poulsbo, Wash.
National Insurance is an insurance wholesaler and program manager specializing in property-casualty placements on behalf of independent agents and brokers throughout the United States.
The firm, founded in 1976, manages specialized programs for social service agencies, lawyers, dentists, public entities, directors and officers, and bicycle manufacturers and distributors.
According to AJG, Thomas Downs, William Reese, Barry Clipsham, William Johnson and National Insurance's staff will continue to operate in the current location under the direction of Joel Cavaness, president of Risk Placement Services, Inc., a subsidiary of AJG.
Terms of the transaction were not disclosed.
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