logo
Share SHARE
FONT-SIZE Plus   Neg

Arthur J. Gallagher Buys R. W. Scobie

Arthur J. Gallagher & Co. (AJG: Quote) said Friday that it has acquired R. W. Scobie, Inc. headquartered in Eau Claire, Wisconsin.

Terms of the deal were not disclosed.

Founded in 1932, R. W. Scobie, Inc. is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients throughout United States.

Peter Scobie, Robert Giles and their associates will continue to operate from their locations in Eau Claire; Minneapolis, Minnesota; New Albany, Indiana; West Des Moines, Iowa; Omaha, Nebraska; and Waukesha, Wisconsin under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year. Apple Inc. said Monday after the markets closed that its second quarter profit rose 33% from last year, driven by strong sales of iPhone and Mac as well as all-time record performance of the App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. C.H. Robinson Worldwide Inc. (CHRW), one of the largest transportation logistics firm in North America, Monday reported an increase in first-quarter profit, driven largely by a 5 percent revenue growth. However, earnings for the quarter fell short of Wall Street estimates by a penny, as did revenues. Eden...
comments powered by Disqus
RELATED NEWS
Trade AJG now with 
Follow RTT