Gallagher acquires surplus lines agency Commercial Insurance Underwriters

Arthur J Gallagher has expanded its surplus lines offering with the purchase of Commercial Insurance Underwriters (CIU).

Springfield, Missouri-based CIU, founded in 1984, is a surplus lines agency offering commercial, personal and professional lines coverages for businesses and individuals with complex, unique or hard-to-place risks, primarily throughout the upper and lower Midwest.

Terms of the transaction were not disclosed.

CIU’s current president Kim Moore and her team will remain in their current location under the direction of Matt Lynch, head of central region binding for Risk Placement Services (RPS), Gallagher’s US wholesale brokerage, binding authority and programs division.

“CIU is a widely known, well-managed agency that enhances RPS’s existing presence in the Springfield region,” said Patrick Gallagher, the broker’s chairman, president and CEO. “I am very pleased to welcome Kim and her associates to Gallagher.”

Earlier in the month, this publication reported that Gallagher had closed another acquisition with the purchase of non-profit and social services specialist broker Hawley & Associates.