Arthur J. Gallagher Acquires Texas Insurance Managers

Arthur J. Gallagher & Co. has acquired Harlingen, Texas-based Texas Insurance Managers Inc.

Terms of the transaction were not disclosed.

With roots tracing back to 1903, Texas Insurance Managers offers commercial and personal property/casualty, life/health, retirement and employee benefit services to clients primarily in South Texas.

Richard May, Josh Klostermann, Ryan Newman and their associates will continue to operate from their current location under the direction of Bret VanderVoort, head of Gallagher’s South Central retail property/casualty brokerage operations.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.