Update: Arthur J. Gallagher Purchases CA Retail Insurance Broker

Today Arthur J. Gallagher & Co., which provides insurance brokerage and risk-management services, announced its purchase of retail insurance broker California Insurance Center Inc. to help expand its Western operations. Financial terms were not disclosed.

Published on September 12, 2008

Lafayette, Calif.-based California Insurance Center provides risk management and commercial property/casualty insurance services. They also offer programs for the construction, real estate/hospitality, marine, private equity and manufacturing industries.

The acquisition is part of a series of transactions Gallagher has conducted over the past several months. In August the company bought Dallas-based Wm. W. George & Associates Inc., an insurance broker specializing in construction, legal, manufacturing, staffing and other industries. It also purchased Marlton, N.J.-based Lance Group LLC, an employee-benefit consulting and brokerage company, and Voluntary Benefits Solutions LLC in June.