Arthur J. Gallagher & Co. Acquires Oxygen Insurance Managers Ltd.

Tue. September 16, 2008; Posted: 10:33 AM

ITASCA, Ill., Sept 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- OYGNF | Quote | Chart | News | PowerRating -- Arthur J. Gallagher & Co. today announced the acquisition of Oxygen Insurance Managers Ltd., of London, England, from its parent, Oxygen Holdings Plc. Terms of the transaction were not disclosed.

Oxygen Insurance Managers (OIM) is a Financial Services Authority (FSA) authorized underwriting agency representing a number of major insurance companies and Lloyd's Syndicates, acting directly or through a local intermediary. OIM specializes in international classes of insurance such as liability, extended warranty, cargo and specie, property, and group personal accident and travel. Sian Fisher and her associates will continue to operate out of their current Fenchurch Street location as OIM Underwriting Ltd. under the direction of David Ross, CEO of Arthur J. Gallagher (UK) Limited, Gallagher's FSA-authorized broker and approved Lloyd's of London broker.

"OIM has a reputation of integrity, dedication and quality service provided by a highly experienced, respected team," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their areas of expertise will be a strong complement to our London operations, and we're extremely pleased to welcome Sian and her team to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 14 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

SOURCE Arthur J. Gallagher & Co.

http://www.ajg.com

For full details on Arthur J. Gallagher & Co (AJG) click here. Arthur J. Gallagher & Co (AJG) has Short Term PowerRatings of 5. Details on Arthur J. Gallagher & Co (AJG) Short Term PowerRatings is available at This Link.

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