Gallagher Targets Florida Condo Market with Acquisition of John Galt Agency

Arthur J. Gallagher & Co. has acquired Fort Lauderdale-based John Galt Insurance Agency, expanding Gallagher’s presence in the beleaguered condominium and association market in Florida, the global insurance broker said in a news release.

John Galt includes a commercial insurance agency and a personal lines property/casualty agency. Co-CEO Jim Rudd and the Galt team will remain at the firm under the direction of Bumpy Triche, head of Gallagher’s Southeast retail brokerage operations.

Illinois-headquartered Gallagher noted it continues to provide brokerage, risk management and consulting services in 130 countries.