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Arthur J. Gallagher & Co buys Hagan Newkirk Financial Services

IBR Staff Writer Published 03 May 2016

Insurance brokerage and risk management services firm Arthur J. Gallagher & Co has acquired the US retail insurance broker Hagan Newkirk Financial Services.

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Based in Little Rock of Arkansas, Hagan Newkirk provides employee benefit consultation and insurance brokerage services to its clients in the southern and central US.

The company also offers benefit coverages to a range of commercial clients, as well as customized solutions for hospitals and other healthcare providers.

Under the leadership of Gallagher's South Central employee benefit consulting and brokerage operations head John Neumaier, Hagan Newkirk's Merlin Hagan, Chris Newkirk and their associates will continue to operate in their current location.

Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Hagan Newkirk is another fine example of how our merger strategy is designed to add depth to our geographic presence and our client capabilities.

"Over the years, their team has developed a reputation for outstanding healthcare expertise and quality client service which will be wonderful complements to our employee benefits operations in Little Rock. "

Last month, Gallagher also acquired another two US retail insurance brokers, Insurance Plans Agency (IPA) and Charles Allen Agency (CAA).

Based in South Barrington of Illinois, the IPA provides group employee benefits products and consulting services and commercial property/casualty insurance services to business and individual clients across the US.

Based in Waite Park of Minnesota, the CAA offers commercial surety bonding and insurance services to clients across the Midwest.


Image: Arthur J. Gallagher & Co has acquired retail insurance broker Hagan Newkirk Financial Services. Photo: courtesy of stockimages / FreeDigitalPhotos.net.