Arthur J. Gallagher & Co. has acquired New Jersey-based The Plus Companies Inc. (TPC). Terms were not disclosed. The company is an international insurance brokerage and risk management services firm headquartered in Itasca, Ill.
Established in 1985, TPC is a managing general agent and program manager providing non-medical, professional liability and umbrella insurance products and services to its independent insurance agent and broker clients throughout the United States.
TPC specializes in liability programs for lawyers, architects, engineers, insurance agents and brokers, surplus lines brokers, managing general agents and title insurance and escrow agents. Robert Ciuffreda and his associates will continue to operate from their current location under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher & Co.