Arthur J. Gallagher & Co. Acquires New York’s Cool Insuring Agency

Arthur J. Gallagher & Co. has acquired Queensbury, N.Y.-based Cool Insuring Agency Inc. Terms of the transaction were not disclosed.

Founded in 1857, Cool Insuring Agency provides commercial, personal, life and health insurance and consulting services to clients across the Northeastern U.S. from offices in Queensbury and Latham.

The agency specializes in serving construction and healthcare industry clients, as well as governments and municipalities, which together account for more than half of its revenues.

Cool Insuring Agency President Anthony Mashuta and Ira Neifeld, senior vice president, director and principal, and their associates will continue to operate from their current locations under the direction of Patrick Kennedy, head of Gallagher’s Northeast Region retail property/casualty brokerage operations, and Tom Belmont Jr., head of Gallagher’s Atlantic Region employee benefit consulting and brokerage operations.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.

Topics Mergers & Acquisitions New York A.J. Gallagher