Arthur J. Gallagher & Co. Announces Acquisition of Louisiana-based Underwriters
- January 21, 2019
Arthur J. Gallagher & Co. Acquires Interstate Insurance Underwriters, LLC
ROLLING MEADOWS, IL -- Arthur J. Gallagher & Co. announced the acquisition of Shreveport, Louisiana-based Interstate Insurance Underwriters, LLC. Terms of the transaction were not disclosed.
Founded in 1963, Interstate Insurance Underwriters is a managing general agency offering a variety of property/casualty coverages through agents and brokers throughout the state of Louisiana, with a focus on general liability, property, garage and inland marine risks. Lawrence, Taylor and Logan Calhoun, and their associates, will remain in their current location as a satellite of Risk Placement Services, Inc.'s Covington, Louisiana office, operating under the direction of Joel Stinson, head of RPS's South Central region.
"Interstate Insurance Underwriters is a well-run MGA offering a broad range of coverages that will give Risk Placement Services (RPS) a presence in northern Louisiana," said J. Patrick Gallagher, Jr., Chairman, President and CEO of Gallagher. "We are excited to welcome Lawrence, Taylor, Logan and their team to RPS."