Arthur J. Gallagher & Co. on Thursday said it has acquired Leavitt Insurance Services of Los Angeles, a unit of the Leavitt Group.
Terms of the deal were not disclosed.
Woodland Hills, Calif.-based Leavitt Insurance Services in Los Angeles offers commercial property/casualty insurance and consulting services to clients in the Southwest, according to a statement from Gallagher.
The brokerage has about 20 employees, a Gallagher spokesman said.
Teri Frankel, managing principal and employee benefits advisor, Kenneth Blaich senior vice president, commercial underwriting and partners, and other Leavitt Insurance Services of Los Angeles employees will remain in their current location and report to Scott Firestone, head of Gallagher̵
7;s Southwest region retail property /casualty mediation business, and Charlie Isaacs, head of Gallagher’s West region employee benefits consulting business, the statement said.Leavitt Group, which is the 24th largest brokerage firm of US businesses according to Business insurances latest ranking, did not immediately respond to a request for comment on the deal.
Separately, Gallagher said it has acquired Switzerland-based AccurART, a specialist art insurance broker for private collections, museums, galleries and art exhibitions, which also provides cover for jewellery, wine collections and musical instruments. Terms were not disclosed.
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