Arthur J. Gallagher & Co. announced last week that it has acquired Hanover Excess & Surplus. Hanover is a North Carolina-based regional managing general agency. Gallagher stated that Hanover is a valuable acquisition because it offers difficult-to-place coastal commercial and personal property/casualty coverages, and professional liability coverages to clients in southern states such as Georgia, North Carolina, South Carolina, and Virginia.

This acquisition continues a Gallagher trend of being a highly active publicly owned brokerage in terms of mergers and acquisitions.