Arthur J. Gallagher & Co. Acquires Horak Insurance, Inc.
Arthur J. Gallagher & Co. Acquires Horak Insurance, Inc.
PR Newswire
ROLLING MEADOWS, Ill., Jan. 30, 2024
ROLLING MEADOWS, Ill., Jan. 30, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the transaction were not disclosed.
Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients as well as farms in eastern and central Iowa. Paul Horak, Luke Horak and their team will remain in their current locations under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.
"Horak Insurance has a long-standing reputation in the communities they serve and provides significant growth opportunities for our business in Iowa," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Paul, Luke and their associates to Gallagher."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Investors: Ray Iardella, VP - Investor Relations | Media: Paul Day, Communications Manager |
630-285-3661/ ray_iardella@ajg.com | 630-285-5946/ paul_day1@ajg.com |
SOURCE Arthur J. Gallagher & Co.
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth