Arthur J. Gallagher makes move for top P&C broker in Florida

Brokerage giant is on the acquisition march as it snaps up another firm

Arthur J. Gallagher makes move for top P&C broker in Florida

Insurance News

By Lyle Adriano

Arthur J. Gallagher & Co. (AJG) has acquired the Naples, Florida-based Premier Insurance, LLC, Lutgert Insurance.

Terms of the transaction were not disclosed.

Lutgert Insurance, founded in 1953, is a retail property and casualty insurance broker and benefit consultant. While the broker handles both commercial and personal insurance businesses, it focuses on construction, hospitality, real estate development/property managers, and high-net-worth individuals.

A release said that following the acquisition, Lutgert Insurance president and CEO Bud Hornbeck, senior vice-president Steve Benza, vice-president Marc Williams, and their associates will continue to operate from their offices in Naples, Ave Maria, Sarasota, Fort Myers and Marco Island, Florida. They will all answer to AJG’s head of retail property/casualty brokerage operations and AJG’s head of southeast employee benefits consulting and brokerage operations.

“Lutgert Insurance has an outstanding team of professionals who will contribute significantly to solidifying our geographic presence in Southwest Florida, as well as building out our private client practice in the state,” commented AJG chairman, president and CEO J. Patrick Gallagher, Jr. “I am very pleased to welcome Bud, Steve, Marc and their associates to our growing Gallagher family of professionals.”

Last month, AJG acquired another P&C insurer, Franklin-Case Agency, in Flemington, New Jersey.

Related stories:
Arthur J. Gallagher acquires US agency
Arthur J Gallagher moves forward in Scandinavia with broker acquisition


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