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Arthur J. Gallagher buys Thomas Costello Insurance Agency

Published 30 May 2018

Insurance brokerage firm Arthur J. Gallagher has acquired Simi Valley, California-based Thomas Costello Insurance Agency for an undisclosed amount.

Founded in 1990, Thomas Costello Insurance Agency is a retail property/casualty broker, and employee benefits consultant and broker, offering commercial and personal coverages to clients primarily across Southern California.

Tom Costello and his associates will continue to operate from their current location under the direction of Gallagher's Southwest region retail property/casualty brokerage operations president Scott Firestone and Gallagher president Western region employee benefits consulting and brokerage operations Norbert Chung.

Arthur J. Gallagher chairman, president and CEO J. Patrick Gallagher, Jr, said: "Costello expands our expertise and solidifies our presence as the largest broker in Los Angeles and the San Fernando Valley.

"I am very pleased to welcome Tom and his associates to our growing Gallagher family of professionals."

Source: Company Press Release