Arthur J. Gallagher & Co announces acquisition of Allied Insurance Brokers

Insurance brokerage, risk management, and consultancy firm Arthur J. Gallagher & Co. has acquired Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. Allied Insurance Brokers was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania. 

"Allied Insurance Brokers and Ascinsure Specialty Risk bring us outstanding niche expertise, a strong new business focus, innovative loss control services, and a commitment to client advocacy," J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher, said. "I am excited to welcome Marty [O’Brien], Tres [Whitlock], Jared [Clough], and their associates to our growing global team.”

Allied Insurance Brokers specializes in insurance and risk management services for crane, scaffold, and equipment dealers in the United States. It also works with nonprofit social services organizations in Western Pennsylvania. Ascinsure offers services in underwriting management, which includes loan applications and insurance products, to organizations operating within the crane and scaffolding industries. 

While full terms of the acquisition remain undisclosed, the Allied Insurance Brokers and Ascinsure teams will continue to work out of their current location. Dan Tropp, who heads Gallagher’s Mid-Atlantic retail property and casualty brokerage practices, and Chris Leisz, the head of programs for the firm’s wholesale operation, Risk Placement Services, Inc, will act as the newly acquired firms’ directors. 

"As recognized leaders in the crane and scaffold space, Allied is a natural addition to our construction practice capabilities," Tropp said. "Their sales culture and consultative approach fit perfectly with our Core360 approach to evaluating and minimizing our clients' total cost of risk."

"Ascinsure is a proven leader in the crane, scaffolding, rental equipment, and party goods dealers' insurance markets, helping its agents and their clients understand their exposures in this difficult segment,” Leisz added. "I am excited to partner with Marty and the Ascinsure team."

Based in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. has offices in more than 35 countries and offers services in more than 150 countries via correspondent brokers and consultants. In addition to the Allied Insurance acquisition, the firm in 2018 expanded its operations in Canada with the acquisitions of Ottawa-based Leystone Insurance & Financial and Winnipeg-based Belton Boisselle Ltd.