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AJG Arthur J Gallagher and Company

258.24
-2.54 (-0.97%)
15 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arthur J Gallagher and Company NYSE:AJG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.54 -0.97% 258.24 262.50 257.00 261.33 637,178 01:00:00

Arthur J. Gallagher & Co. Acquires CCI Surety, Inc.

23/05/2024 2:00pm

PR Newswire (US)


Arthur J Gallagher (NYSE:AJG)
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ROLLING MEADOWS, Ill., May 23, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed.

Arthur J. Gallagher & Co. Logo (PRNewsfoto/Arthur J. Gallagher & Co.)

Founded by Michael Williams and led by Jeremy Crawford, CCI Surety is a managing general underwriter (MGU) specializing in wholesale contract and commercial surety bonds for retail agents throughout the United States. Crawford and the CCI Surety team will remain in their current location under the direction of Matt Lynch, head of RPS's national binding operations.

"CCI Surety is a well-established agency whose wholesale surety platform expands RPS's product offerings," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Jeremy and his associates to our growing team."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations     

Media: Paul Day, Communications Manager

630-285-3661/ ray_iardella@ajg.com                     

630-285-5946/ paul_day1@ajg.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-cci-surety-inc-302152926.html

SOURCE Arthur J. Gallagher & Co.

Copyright 2024 PR Newswire

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