Gallagher acquires First Premium Insurance Group

PRNewswire

ITASCA — Arthur J. Gallagher & Co. announced the acquisition of First Premium Insurance Group Inc. in Covington, La.

Terms of the transaction were not disclosed.

Established in 1973, First Premium Insurance Group is a managing general agent and wholesale insurance broker providing insurance products for independent insurance agents and brokers throughout the Southern United States. They specialize in manufactured homes, personal lines and commercial property/casualty business. Jay Pellegrini, Jr., Greg Pellegrini and their associates will continue to operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

“First Premium will be our first true wholesale/MGA presence in Louisiana which will enable us to expand our sales and services capabilities in that region,” said J. Patrick Gallagher, Jr., chairman, president and CEO. “Their 40 years of industry experience, superior carrier relationships and business specializations will be excellent complements to our expanding wholesale network. We are extremely pleased to welcome Jay, Greg and their team to our growing Risk Placement Services’ family of professionals.”