Arthur J. Gallagher acquires Boston Marks Group divisions

Arthur J. Gallagher and Co. (NYSE: AJG), an Illinois-based insurance brokerage, has announced it has acquired Boston Marks Group, consisting of Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom, the company said.

Gallagher said Boston Marks´ offerings significantly expand international brokerage capabilities in the aviation sector, in particular in the Australian and New Zealand markets.

Arthur J. Gallagher and Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm with operations in 35 countries that offers client service capabilities in more than 150 countries around the world.

Boston Marks Group was founded as an insurance broker for the aviation industry. The company offers retail property/casualty brokerage services to a broad range of government, commercial and private aviation and aerospace clients.