Arthur J. Gallagher Acquires Brown Hobbs & McMurray in Illinois

Arthur J. Gallagher & Co. has acquired Brown Hobbs & McMurray Insurance in Urbana, Ill.

Terms of the deal were not disclosed.

Thomas Brown, Paul Hobbs, William Hobbs, Dick and Rich McMurray, and their associates will continue to operate in Urbana under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operation.

Brown Hobbs & McMurray is a retail insurance broker providing commercial P/C, employee benefits, risk management consulting and personal lines insurance services to clients in the Midwest.

Arthur J. Gallagher is an insurance brokerage and risk management services firm headquartered in Itasca, Ill.