Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has completed its acquisition of Lowndes Lambert Group (LLG) Canada, Ltd. Financial terms were not released.
Gallagher said the acquisition, previously reported in late January, was completed on Feb. 15.
LLG is a Canadian property-casualty retail insurance broker offering risk management, commercial and personal lines insurance services to their North American client base. They also specialize in insurance products for transportation, hospitality and pharmaceutical businesses.
Philip G. Kane, LLG's president and chief executive officer, will continue to lead the operation. LLG is headquartered in Toronto, Ontario, with eight offices throughout Canada.
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