Arthur J. Gallagher acquires Bremer Insurance Agencies

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Bremer Insurance Agencies, Inc., a St. Paul, Minnesota-based property and casualty insurance broker. The company did not disclose financial terms of the transaction.

Bremer Insurance Agencies operates as a subsidiary of Old National Bancorp (NASDAQ: ONB) following Old National's acquisition of Bremer Bank. The acquired company provides property and casualty insurance brokerage services to commercial, agricultural and personal lines clients across Minnesota, North Dakota and Wisconsin.

Travis Hoaglund and his team will continue operations under the direction of Sean Gallagher, who heads Gallagher's Great Lakes region retail property and casualty brokerage operations.

"Bremer Insurance Agencies has an excellent record of client service and will expand our retail brokerage offerings in the Upper Midwest," said J. Patrick Gallagher Jr., Chairman and CEO.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois. The company operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

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