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Arthur J. Gallagher & Co. acquires Cohen & Lord Insurance Brokers

IBR Staff Writer Published 06 February 2015

Arthur J. Gallagher & Co. (AJG) announced that it has acquired Cohen & Lord Insurance Brokers Ltd located in Ottawa, Ontario.

Terms of the transaction were not disclosed.

Established in 1955, Cohen & Lord is an insurance broker and risk management services firm that provides retail property/casualty insurance products and services for commercial and individual clients across the Canadian provinces of Ontario and Quebec.

It specializes in commercial realty and condominiums, construction, fleet and other commercial risks as well as providing personal insurance coverage for high-value possessions.

Horace Cohen, Irvin Hoffman, Andrew Swant and their associates will continue to operate in Ottawa under the direction of Steve Bryant, head of Gallagher's Ontario property/casualty brokerage operations.

"Cohen & Lord has spent 60 years establishing an excellent market reputation and developing high-quality insurance solutions for clients. Its mix of business and specializations provide a strong complement to our existing operations in Ottawa while further strengthening our presence in Eastern Ontario," said J. Patrick Gallagher, Chairman, President and CEO.

"Their client-focused sales culture and personalized service make them a great fit, and we are pleased to welcome Horace, Irvin, Andrew and their colleagues 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 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

Source: Company Press Release