Arthur J. Gallagher Acquires MA Agency
Arthur J. Gallagher & Co. today announced the acquisition of Koster Insurance Agency, Inc. of Quincy, Massachusetts. Terms of the transaction were not disclosed.
Founded in 1994, Koster Insurance Agency, Inc. is an insurance and risk management agency that develops and administers student health, sports accident and special risk insurance programs for colleges, universities and secondary schools throughout the United States. They also offer dental/vision discount programs, short-term medical insurance, sports camp, study abroad, international student, emergency travel assistance, accidental death & dismemberment, tuition reimbursement and student personal property insurance programs to the higher education community. Teresa Koster and her associates will continue to operate in their Quincy location as Gallagher Koster and will become a part of Gallagher's Higher Education Practice Group.
'A big part of our merger strategy is to continue to add depth to our niche practice groups,' said J. Patrick Gallagher, Jr., Chairman, President and CEO. 'This is just one of the many reasons why Koster is such a terrific acquisition. Their depth of experience in educational healthcare and strong commitment to the student insurance industry make them a perfect complement to our Higher Education Group. We are extremely pleased to welcome Teresa and her team to our growing Gallagher family of professionals.'
About Arthur J. Gallagher & Co
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in seven countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.
Source: Source: Arthur J. Gallagher Press Release | Published on December 20, 2007
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