Transaction Overview

Arthur J. Gallagher & Co. Acquires LeichtGeneral Agency
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Tuesday February 19, 2008

ITASCA, Ill., Feb. 19 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced that its subsidiary, Risk Placement Services, Inc., acquired Leicht General Agency, headquartered in Houston, Texas. Terms of the transaction were not disclosed.

Established in 1992, Leicht General Agency is a wholesale insurance broker and managing general agent. They provide excess and surplus property/casualty coverage including professional and general liability and other specialty insurance products and services for their retail insurance agent clients throughout Texas. Beth Leicht, Marshall Leicht, and their associates will continue to operate out of their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc.

"In business for almost 20 years, Leicht General Agency's team is widely respected for their depth of industry expertise and dedication to outstanding client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their team-focused sales culture will be an outstanding complement to Risk Placement Services' organization, and we are pleased to welcome Beth, Marshall, and their associates to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 13 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

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