P/C Broker Gallagher Widens Retirement Practice Into IMO Space
February 19, 2019 by John Hilton
While Arthur J. Gallagher & Co. is regularly acquiring new companies and expanding its gigantic Fortune 500 footprint, one January takeover generated particular notice.
On Jan. 28, Gallagher announced the acquisition of Partners Advantage Insurance Services and AMZ Financial Insurance Services. The move marked the first substantial entry by Gallagher into the independent marketing organization channel of insurance distribution.
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Partners is one of the “biggest distributors” of indexed life, said Sheryl Moore, CEO of Moore Market Intelligence. AMZ offers product development on indexed life, she added, something only a couple of other marketing organizations do.
“I think it is interesting that a P&C shop like Gallagher is interested in a sophisticated product like indexed life,” Moore said. “I will be interested to see what their strategy is.”
