ITASCA, Ill., Sept. 18, 2015 /PRNewswire/ --  Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of North Alabama Insurance, Inc. in Florence, Alabama. Terms of the transaction were not disclosed.

Established in 1982, North Alabama Insurance, Inc. (NAI) is a managing general agent and wholesale insurance broker which provides property/casualty, commercial auto/garage and other specialty insurance placements to their independent retail insurance broker clients throughout the south central United States. Joshua Blevins, John Speir and their associates will continue to operate from their current locations in Florence and Cabot, Arkansas under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

"The NAI team is well-known for their depth of underwriting experience as well as their strong market relationships,"  said J. Patrick Gallagher, Jr, Chairman, President and CEO. "Their sales culture, focus on client services and product specialization will be a great complement to Risk Placement Services' capabilities. We are extremely pleased to welcome Josh, John and their colleagues to Risk Placement Services' family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

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SOURCE Arthur J. Gallagher & Co.