Arthur J Gallagher swoops for California-based commercial P&C agency

Arthur J Gallagher & Co (Gallagher) has bought LISLA, the Los Angeles based agency offices of Leavitt Group, with the terms of the transaction remaining undisclosed.

Leavitt offers commercial P&C insurance and employee benefits consulting to clients in the Southwest US.

The deal will see Teri Frankel, Kenneth Blaich, and their team remain in their current location under the direction of Scott Firestone (head of Gallagher's Southwest region retail P&C brokerage operations) and Charlie Isaacs (head of Gallagher's West region employee benefits consulting operations).

J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher commented: “Leavitt is a highly regarded agency whose culture aligns with ours, and their expertise across a variety of niches will strengthen our capabilities in the region. I am very pleased to welcome Teri, Ken, and their associates to our growing, global team.”

Last month, Gallagher acquired Texas-based Boley-Featherston, a retail insurance agency with expertise in oil and gas, construction, healthcare, and benefit consulting.