Arthur J. Gallagher & Co. Acquires Horak Insurance, Inc.

PR Newswire

ROLLING MEADOWS, Ill. , Jan. 30, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Washington , Iowa -based Horak Insurance, Inc. Terms of the transaction were not disclosed.

Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients as well as farms in eastern and central Iowa . Paul Horak , Luke Horak and their team will remain in their current locations under the direction of Ryan Isaacs , head of Gallagher's Midwest region retail property/casualty brokerage operations.

"Horak Insurance has a long-standing reputation in the communities they serve and provides significant growth opportunities for our business in Iowa ," said J. Patrick Gallagher, Jr. , Chairman and CEO. "I am delighted to welcome Paul, Luke and their associates to Gallagher."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois . Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

SOURCE Arthur J. Gallagher & Co.