Insurance brokerage company Arthur J. Gallagher & Co. said Thursday it has acquired Continental Excess & Surplus, Inc. The financial terms of the deal were not revealed.
Continental Excess trades as Continental/Marmorstein & Malone, and is located in Paramus, New Jersey, while its affiliate, All Risk/CESI, LLC., is headquartered in New York City.
"Their years of surplus lines experience, solid market relationships and similar culture make our newest partners a great fit into our organization," said Patrick Gallagher, Jr., Chief Executive Offcer.
"This acquisition enables us to increase both our wholesale/MGA sales and service capabilities and our presence on the East Coast.", added Gallagher, Jr.