{"id":690512,"date":"2022-09-29T16:13:23","date_gmt":"2022-09-29T20:13:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arthur-j-gallagher-co-signs-agreement-to-acquire-mt-insurance-agency-inc\/"},"modified":"2022-09-29T16:13:23","modified_gmt":"2022-09-29T20:13:23","slug":"arthur-j-gallagher-co-signs-agreement-to-acquire-mt-insurance-agency-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arthur-j-gallagher-co-signs-agreement-to-acquire-mt-insurance-agency-inc\/","title":{"rendered":"Arthur J. Gallagher &amp; Co. Signs Agreement to Acquire M&amp;T Insurance Agency, Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">ROLLING MEADOWS, Ill.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 29, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Arthur J. Gallagher\u00a0&amp; Co. today announced it has signed a definitive agreement to acquire <span class=\"xn-location\">Buffalo, New York<\/span>-based M&amp;T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&amp;T Bank Corporation. In connection with the transaction, Gallagher will become the preferred insurance broking partner of M&amp;T Bank. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2022.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/597229\/Arthur_J_Gallagher_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/597229\/Arthur_J_Gallagher_Logo.jpg\" title=\"Arthur J. Gallagher &amp; Co. Logo (PRNewsfoto\/Arthur J. Gallagher &amp; Co.)\" alt=\"Arthur J. Gallagher &amp; Co. Logo (PRNewsfoto\/Arthur J. Gallagher &amp; Co.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Founded in 1955 and operating under its current name since 2005, MTIA is a retail insurance agency offering an array of property and casualty products, customized group benefits and surety solutions to clients in the Northeast and mid-Atlantic. <span class=\"xn-person\">John Rumschik<\/span>, <span class=\"xn-person\">Bart Kresse<\/span>, <span class=\"xn-person\">Zachary Howe<\/span> and their teams will operate under the direction of <span class=\"xn-person\">Patrick Kennedy<\/span>, head of Gallagher&#8217;s Northeast region retail property\/casualty brokerage operations.<\/p>\n<p>&#8220;M&amp;T Insurance Agency has a long record of client-focused offerings and expertise, and this will help us expand our footprint in the <span class=\"xn-location\">New York<\/span> region,&#8221; said J. <span class=\"xn-person\">Patrick Gallagher, Jr.<\/span>, Chairman, President and CEO. &#8220;We look forward to welcoming John, Bart, Zachary and their associates to Gallagher.&#8221;<\/p>\n<p>\n        <span class=\"xn-person\">Arthur J. Gallagher<\/span> &amp; Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in <span class=\"xn-location\">Rolling Meadows, Illinois<\/span>. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Investors: Ray Iardella<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Media: Paul Day\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">VP &#8211; Investor Relations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Communications Manager<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">630-285-3661\/\u00a0<a href=\"mailto:ray_iardella@ajg.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow noopener\">ray_iardella@ajg.com <\/a><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">630-285-5946\/ <a href=\"mailto:paul_day1@ajg.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow noopener\">paul_day1@ajg.com<\/a>\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG88938&amp;sd=2022-09-29\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/arthur-j-gallagher--co-signs-agreement-to-acquire-mt-insurance-agency-inc-301637275.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/arthur-j-gallagher&#8211;co-signs-agreement-to-acquire-mt-insurance-agency-inc-301637275.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Arthur J. Gallagher<\/span> &amp; Co.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG88938&amp;Transmission_Id=202209291610PR_NEWS_USPR_____CG88938&amp;DateId=20220929\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ROLLING MEADOWS, Ill. , Sept. 29, 2022 \/PRNewswire\/ &#8212; Arthur J. Gallagher\u00a0&amp; Co. today announced it has signed a definitive agreement to acquire Buffalo, New York-based M&amp;T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&amp;T Bank Corporation. In connection with the transaction, Gallagher will become the preferred insurance broking partner of M&amp;T Bank. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2022. Founded in 1955 and operating under its current name since 2005, MTIA is a retail insurance agency offering an array of property and casualty products, customized group benefits and surety solutions to clients in the Northeast and mid-Atlantic. John Rumschik, Bart Kresse, Zachary Howe and their &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arthur-j-gallagher-co-signs-agreement-to-acquire-mt-insurance-agency-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Arthur J. Gallagher &amp; Co. Signs Agreement to Acquire M&amp;T Insurance Agency, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690512","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arthur J. Gallagher &amp; Co. 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In connection with the transaction, Gallagher will become the preferred insurance broking partner of M&amp;T Bank. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2022. Founded in 1955 and operating under its current name since 2005, MTIA is a retail insurance agency offering an array of property and casualty products, customized group benefits and surety solutions to clients in the Northeast and mid-Atlantic. John Rumschik, Bart Kresse, Zachary Howe and their &hellip; Continue reading &quot;Arthur J. Gallagher &amp; Co. 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