GALLAGHER ACQUIRES LLOYD BEDFORD COX IN NEW YORK

US broking group Arthur J Gallagher has acquired Lloyd Bedford Cox, a New York-based retail intermediary providing comprehensive insurance coverage and services to high-net-worth individuals and families throughout the US, Europe, the Bahamas and the Caribbean. Terms of the deal were not disclosed. J Jeffers Cox and his team will continue to operate out of their existing location in Bedford Hills, reporting to Patrick Kennedy, head of Gallagher's eastern US retail property/casualty broking operations. "The LBC team has earned a great reputation for its expertise in serving emerging affluent and high-net-worth clients, and this provides us an opportunity to expand our high-net-worth practice in a key market," said Gallagher chairman, president and chief executive J Patrick Gallagher. "I am glad to welcome Jeff and his team to our growing global company."