BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Marsh & McLennan Agency buys Minn.-based insurance agency


BLAINE, Minn.—Marsh & McLennan Agency L.L.C., a subsidiary of New York-based insurance broker Marsh Inc., is acquiring Blaine, Minn.-based Gallagher & Associates Inc.

Terms of the deal were not disclosed.

Gallagher & Associates, a $1 million property/casualty insurance agency specializing in public school districts, will operate within RJF Agencies Inc., a $25 million middle-market insurance broker that MMA acquired in January.

Minneapolis-based RJF has annual revenues of about $25 million and about 150 employees, according to Marsh.

Tom Gallagher, principal and founder of Gallagher & Associates, and the rest of his team will join RJF’s Minneapolis office and continue in their current roles, Marsh said in a statement.

“As part of MMA, our clients will enjoy the same high-quality service they’ve come to expect from us,” Mr. Gallagher said in the statement. “Additionally, they’ll gain new and enhanced capabilities and resources from RJF/MMA to meet their needs.”

David Eslick, chairman and CEO of MMA, said, “Adding high-quality talent and expertise from firms such as Gallagher & Associates is an integral part of Marsh & McLennan Agency’s strategy to build a pre-eminent national agency primarily serving the needs of the middle market.”