Arthur J. Gallagher & Co.announced the acquisition of Mortgage Insurance Agency, Ltd. in Crystal Lake, Illinois. Terms of the transaction were not disclosed.
Founded in 1993, Mortgage Insurance Agency is a retail insurance broker providing commercial property/casualty and risk management services to their clients throughout the United States. They specialize in state licensed surety bonds, errors & omissions, and fidelity bond coverages for their mortgage broker and mortgage banker clients nationally. David J. Jackson and his associates will continue to operate in their Crystal Lake location under the direction of Thomas J. Gallagher, Midwest Regional Manager of Gallagher's retail property/casualty brokerage operation.
"One of the reasons our acquisition strategy is so successful is because we continue to find great businesses that can fit well within our unique culture and our areas of expertise, and Mortgage Insurance Agency is no exception. This agency has grown consistently over the years by providing exceptional value to its clients through its teamwork approach to quality service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their mortgage industry specialization will be a wonderful complement to our organization, and we are pleased to welcome David and his team to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.