Arthur J. Gallagher & Co. Acquires An Equity Interest In JAO & Partners

   Arthur J. Gallagher & Co. Acquires An Equity Interest In JAO & Partners

PR Newswire

ITASCA, Ill., Feb. 28, 2014

ITASCA, Ill., Feb. 28, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. today
announced that it has partnered with Grupo CP to acquire a 56% equity interest
in JAO & Partners, located in Lima, Peru, which has annualized revenues of
approximately $4 million. Other terms of the transaction were not disclosed.

Formed in 2009, JAO & Partners primarily places property & casualty and
financial institution risk products to its predominately Peruvian clients.
They specialize in the energy, mining and construction industries. Jose
Antonio Osterling and his associates will continue to operate from their
current Lima location under the ultimate direction of Vyvienne Wade, head of
Gallagher's international commercial operations based in London.

"We continue to expand our international sales and service capabilities by
building relationships with strong international brokers that we can develop
into solid strategic partners," said J. Patrick Gallagher, Jr., Chairman,
President and CEO. "JAO & Partners has an outstanding reputation for its
client-focused, innovative and specialized team. They are a great cultural
match for our organization, and their expertise will help broaden our
international presence in Latin America. We are pleased to partner with Jose
Antonio and his associates."

Arthur J. Gallagher & Co., an international insurance brokerage and risk
management services firm, is headquartered in Itasca, Illinois, now has
operations in 25 countries and offers client service capabilities in more than
140 countries around the world through a network of correspondent brokers and
consultants.

CONTACT: Marsha J. Akin
Director – Investor Relations
630-285-3501 or marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.

Website: http://www.ajg.com
 
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