Gallagher Buys Alternative Market Specialists

Arthur J. Gallagher & Co. (NYSE: AJG) yesterday announced the acquisition of Alternative Market Specialists headquartered in Edina, Minnesota. Terms of the transaction were not disclosed. Founded in 1997, Alternative Market Specialists is a managing general agent and wholesale insurance broker providing insurance products for independent insurance agents and brokers throughout the United States. They specialize in the production, underwriting and placement of public entity accounts that desire a protected self-insured program. Michael Vaughan-Fowler and his associates will cont...