AJG Adds Liberty Mutual Biz in Midwest, Southeast

Arthur J. Gallagher & Co. signed a definitive agreement to acquire all of the policy renewal rights from Liberty Mutual's middle-market commercial property/casualty business located in their Midwest and Southeast regions. As part of the agreement, Gallagher expects to hire approximately 75 Liberty Mutual producers in these regions.

Gallagher is also acquiring substantially all of the policy renewal rights and hiring the national producer group from Wausau Signature Agency, Liberty Mutual's commercial property/casualty and employee benefits insurance agency headquartered in Wausau, Wisconsin.

When completed, it is expected that the transaction will add approximately 120 new insurance sales professionals to Gallagher's retail commercial property/casualty brokerage operation under the direction of its President, James Gault.