Business

Gallagher acquires Hagedorn & Co.

Posted September 18, 2014 1:01 am

PRNewswire

Itasca-based Arthur J. Gallagher & Co. said it has acquired Hagedorn & Company in New York, New York.

Terms of the transaction were not disclosed.

Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group benefits and personal lines insurance products and services for commercial and individual clients throughout the northeastern United States. They specialize in insurance coverage for the financial, manufacturing, real estate, health care, legal and marine industries as well as for nonprofit organizations, schools and municipalities.

Daniel Gabel and his associates will continue to operate in New York City and White Plains, New York under the direction of Douglas Brown, head of Gallagher's northeastern retail property/casualty brokerage operations.

"For nearly 150 years, Hagedorn has developed an excellent reputation for delivering the highest quality, cost effective insurance solutions to their customers," said J. Patrick Gallagher, Jr., chairman, president and CEO. "With their depth of expertise, solid market relationships and emphasis on niche specializations, they will be an excellent addition to our Northeastern operations. We are extremely pleased to welcome Dan and his colleagues to our growing Gallagher family of professionals."

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