Arthur J. Gallagher & Co. said late Friday that it has completed the previously announced acquisition of policy renewal rights from Liberty Mutual's middle-market commercial property-casualty business in their Midwest and Southeast regions.
Gallagher also acquired the policy renewal rights from Wausau Signature Agency, Liberty Mutual's commercial p-c and employee benefits insurance agency headquartered in Wausau, Wisconsin.
The Itasca, Ill.-based insurance broker was one of three insurance brokers to acquire portions of Liberty Mutual's middle-market commercial business back in January. The others include Hub International, based in Chicago and USI Holdings Corp. headquartered in Briarcliff Manor, N.Y.
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