Gallagher acquires Illinois-based retail broker

Arthur J. Gallagher announced the acquisition of a group providing commercial p/C, risk management consulting and employee benefits

Insurance News

By Lyle Adriano

Arthur J. Gallagher & Co. announced March 10 that it has acquired Vincent L. Braband Insurance, Inc. in Arlington Heights, Illinois.

The terms of the transaction were not disclosed.

Vincent L. Braband Insurance, Inc., established 1930, is a retail insurance broker that offers commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services to middle-market clients in the Midwest. In particular, Braband specializes in providing insurance coverage for law firms and the transportation industry.

 "Braband's team is well known for their industry experience and solid market relationships," said Arthur J. Gallagher chairman, president, and CEO J. Patrick Gallagher, Jr. Their depth of expertise and outstanding client service will be a wonderful complement to our Midwest Region. We look forward to working with [Vincent] and his colleagues, and we welcome them to our growing Gallagher family of professionals."

Vincent Braband and his associates will continue to operate under the administration of Gallagher's head of Midwest region retail property/casualty brokerage operations, Michael Pesch.
 

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