Gallagher acquires Nourse brokerage to expand on West Coast

Arthur J. Gallagher & Co., the world's fourth-largest insurance broker, acquired Nourse Insurance Brokers Inc. to expand sales of coverage to businesses and wealthy individuals on the U.S. West Coast.

Terms of the transaction weren't disclosed in a PR Newswire statement today from Itasca-based Gallagher.

Nourse will continue to operate in Walnut Creek, California, reporting to Gallagher West Coast regional manager James McFarlane, the statement said.