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Arthur J. Gallagher & Co. has announced the acquisition of a Maryland-based retail property-casualty broker. Terms of the transaction were not disclosed.
Gallagher has acquired The Novick Group, a broker focused on providing insurance products and services to non-profits and association clients throughout the country. The Novick Group’s areas of specialization include complex liability and event cancelation coverage. Lou Novick, Julia Van De Wille, and their associates will continue to operate from their current location in Rockville, MD. They will report to Dan Tropp, head of Gallagher’s mid-Atlantic property-casualty broker operations.
“The Novick Group, Inc., expands Gallagher’s footprint in the Washington, D.C., metro area and further enhances our expertise in serving non-profit and association clients,” said J. Patrick Gallagher, chairman, president and CEO of Gallagher. “I would like to extend a warm Gallagher welcome to Lou, Julia and their associates.”
