Arthur J. Gallagher & Co. Acquires PIUS Limited, LLC

PR Newswire

ROLLING MEADOWS, Ill. , Nov. 9, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Cary, North Carolina -based PIUS Limited, LLC and its affiliate Newlight Capital, LLC. Terms of the transaction were not disclosed.

Founded in 2016, PIUS (Patent Insurance Underwriting Services) is a managing general agent offering a proprietary insurance product that allows clients to insure certain intellectual property assets. Joe Agiato and his associates will remain in their current locations under the direction of Patrick Kennedy , head of Gallagher's Northeast region retail property/casualty brokerage operations.

"PIUS' unique offering of insurance solutions to emerging companies that have substantial intellectual property assets is a critical product that enables clients significant opportunities for growth," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "I am delighted to welcome Joe and his team 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.