ROLLING
MEADOWS, Ill., July 1, 2024
/PRNewswire/ -- Arthur J. Gallagher & Co. today announced
the acquisition of Rancho Cucamonga,
California-based Cornerstone Commercial & Personal
Insurance Services, Inc. (Cornerstone). Terms of the transaction
were not disclosed.
Cornerstone is a retail insurance agency serving commercial and
personal clients primarily in San
Bernardino and Riverside
counties, with a focus on commercial real estate, construction and
homeowners associations. Phil
Hakopian, Allison Hakopian
and their team will remain in their current location under the
direction of Scott Firestone, head
of Gallagher's Southwest region retail property/casualty brokerage
operations.
"Cornerstone is a highly regarded agency whose expertise in the
homeowners association niche will enhance our capabilities in the
region," said J. Patrick Gallagher,
Jr., Chairman and CEO. "I am delighted to welcome Phil,
Allison and their associates 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.
Investors: Ray
Iardella, VP - Investor Relations
|
Media: Paul Day,
Communications Manager
|
630-285-3661/
ray_iardella@ajg.com
|
630-285-5946/ paul_day1@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.