Arthur J. Gallagher has announced that it has acquired Texas-based LDJ American Online Benefits Group (AOBG). Terms of the transaction were not disclosed.
AOBG designs, markets and services supplemental health insurance and wellness products, including short-term medical, hospital indemnity, AD&D, vision care and a wellness program, through more than 2,500 independent agents across the country. Chief marketing officer Ronnie Dee Hohenberger and his team will continue to operate from its current location, under the direction of Kevin Garvin, head of Gallagher’s North American affinity operations.
“AOBG’s specialized expertise and product offerings serve the needs of individuals who typically don’t have access to employer group benefits, such as self-employed, retired and gig-economy workers,” said J. Patrick Gallagher, president, chairman and CEO of Arthur J. Gallagher. “Their offerings complement and expand our strengths in the affinity market. I am very pleased to welcome Dee and his team to Gallagher.”