Insurance brokerage Arthur J. Gallagher & Co. has acquired ISG International Inc., headquartered in Cambridge, Md. Transaction terms were not released.
Established in 1977, ISG International is a managing general agent and wholesale insurance broker providing insurance products for independent insurance agents and brokers throughout the United States, AJG said.
The firm specializes in the information technology industry, including coverage for IT staffing and services, software development, systems integration, value-added resellers, and e-commerce businesses.
G. Philip Feldman, the principal, and his associates, a total staff of 42 employees, will continue to operate from their current location in Cambridge under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of the Itasca, Ill.-based brokerage firm.
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