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Arthur J. Gallagher Acquires Boston Marks Group

Arthur J. Gallagher & Co. (AJG) Thursday said it has acquired Boston Marks Group, which includes Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the UK.

The company did not disclose any financial details of the acquisition.

Founded in 1985 as an independent insurance and reinsurance broker for the aviation sector, Boston Marks Group offers retail property/casualty brokerage services.

"Boston Marks' highly specialized offerings significantly expand our international brokerage capabilities in the aviation sector, in particular in the Australian and New Zealand markets," said Patrick Gallagher, Jr., Chairman, President and CEO. "I am very excited to welcome Pat, Damian, Phil and their associates to our growing Gallagher family of professionals."

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