Arthur J. Gallagher & Co. Acquires Ascinsure Specialty Risk

by Mike Viola

Everyone here at Ascinsure Specialty Risk, as well as our retail division of Allied Insurance Brokers, is extremely excited to be the newest members of the Arthur J. Gallagher and Co. family. Over the years, Ascinsure has been dedicated to delivering our unique specialty insurance solutions and insight to our broker-partners and their insureds. This partnership enables us to build upon that, as well as further our development of innovative insurance and risk solutions that truly benefit our broker-partners within the Crane, Scaffold, Rental Equipment Dealers, and Non-Profit & Social Services Industries.

Read below for the Arthur J. Gallagher & Co. official press release:

“Founded in 1982, Allied Insurance Brokers specializes in offering insurance and risk management services to crane, scaffold and equipment dealers throughout the United States, and nonprofit social services organizations in Western Pennsylvania. Ascinsure is a program underwriting manager for the crane and scaffold industries. Marty O’Brien, Richard (Tres) Whitlock, Jared Clough and their associates will continue to operate from their current location under the direction of Dan Tropp, head of Gallagher’s Mid-Atlantic retail property/casualty brokerage operations, and Chris Leisz, head of programs for Gallagher’s U.S. wholesale operation, Risk Placement Services, Inc.

“Allied Insurance Brokers and Ascinsure Specialty Risk bring us outstanding niche expertise, a strong new business focus, innovative loss control services and a commitment to client advocacy,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am excited to welcome Marty, Tres, Jared and their associates to our growing global team.”

“As recognized leaders in the crane and scaffold space, Allied is a natural addition to our construction practice capabilities,” noted Dan Tropp. “Their sales culture and consultative approach fit perfectly with our Core360 approach to evaluating and minimizing our clients’ total cost of risk.”

“Ascinsure is a proven leader in the crane, scaffolding, rental equipment and party goods dealers’ insurance markets, helping its agents and their clients understand their exposures in this difficult segment,” added Chris Leisz. “I am excited to partner with Marty and the Ascinsure team.”

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.”

Investors:  Ray Iardella Media:  Linda J. Collins   
VP – Investor Relations VP – Corporate Communications
630-285-3661/ ray_iardella@ajg.com 630-285-4009/ linda_collins@ajg.com

Leave a Reply

Your email address will not be published. Required fields are marked *