GALLAGHER ACQUIRES TEXAS AGENCY

March 19, 2001

Arthur J. Gallagher & Co. has acquired Madison Scott & Associates, Inc. of Amarillo and Houston, Texas. The agency has specialized in group, health and life products and since December 1992. Madison Scott, area president, and his staff will continue to operate in both Amarillo and Houston under the direction of Michael Brewer, Gallagher Benefit Services’ executive vice president of the south central region.

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