Itasca, Illinois-based insurance brokerage and risk management services company Arthur J. Gallagher & Co. has acquired Salt Lake City-based risk advisors The Presidio Group, Inc. Terms of the transaction were not disclosed.
Middle market agency Marsh & McLennan Agency LLC completed the acquisition of insurance brokerage J. Smith Lanier & Co. JSL will operate as MMA's Southeast regional hub under the leadership of JSL's Chief Executive D. Gaines Lanier and Chief Operating Officer Gary Ivey. All of JSL's employees are joining MMA.
Monmouth Junction, New Jersey-based Agency Network Exchange LLC added seven new agencies in Pennsylvania and New Jersey last year to grow its membership to more than 50 independently owned and operated agencies. The New Jersey agencies are:
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U.S. Insurance (Newton)
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Richards & Summers (Denville)
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Livingston Insurance Agency (Livingston)
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Fidella Insurance (Mount Laurel)
ANE added three agencies in Pennsylvania:
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Absolute Insurance Agency (Upper Chichester)
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Commercial Insurance Providers Group (Levittown)
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The DeAngelo Company (Wyomissing)
Specialty insurer H.W. Kaufman Financial Group and Burns & Wilcox Canada have acquired the high-value homeowner's insurance practice from Quebec-based XN Financial Services, Inc. Terms of the deal were not disclosed.
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