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Arthur J. Gallagher & Co. on Monday said it has acquired Stonehenge Insurance Solutions Inc.
Terms of the transaction were not disclosed.
Palm Beach Gardens, Florida-based Stonehenge offers commercial insurance for professional employer organizations and staffing clients throughout the United States, Gallagher said in a statement. Specialties include workers compensation; professional, employment practices, general and cyber liability; commercial, hired and nonowned auto; workplace violence; umbrella coverages; and other customized solutions.
Jeff Rendel, Troy Reynolds, Chris O’Connor and their associates will relocate to Tequesta, Florida, later in July under the direction of Peter Doyle, head of Gallagher’s Southeast region retail property/casualty brokerage operations, according to the statement.
“Stonehenge is one of the premier PEO and staffing-centric insurance agencies in the country and will significantly strengthen our retail capabilities in that market,” Gallagher Chairman, President and CEO J. Patrick Gallagher Jr. said in the statement.
Arthur J. Gallagher & Co. is the world’s fourth-largest insurance brokerage, according to Business Insurance’s latest ranking.
U.S.-based Arthur J. Gallagher and Co. has purchased Australia-based The Protectors Insurance Brokers Pty Ltd. and Regent Insurance Brokers Pty Ltd., Verdict.co.uk reported. The two insurance brokers offer construction and transport insurance services for commercial and corporate clients in Greater Western Sydney.