Printer Friendly

JORDAN AMERICAN HOLDINGS, INC. ANNOUNCES THREE YEAR CONTRACT WITH GALLAGHER HEFFERNAN

 SARASOTA, Fla., Oct. 7 / PRNewswire/ -- Jordan American Holdings, Inc. (NASDAQ: JAHI) through its wholly owned subsidiary, Christian Purchasing Network (CPN), today announced the signing of a three-year contract with Gallagher Heffernan Insurance to offer health, property, casualty and other insurance products to the church market throughout the United States. Gallagher Heffernan is a risk management firm and a wholly owned subsidiary of Arthur J. Gallagher and Company (NYSE: AJG). Gallagher, the eighth largest broker in the United States, is recognized as a national leader in providing risk management products and services.
 According to the terms of the agreement, Christian Purchasing Network and Gallagher Heffernan will jointly penetrate and provide the Protestant church marketplace with insurance products and services over the three year term of the agreement. Arthur J. Gallagher and Company is presently the largest provider of insurance products and services to the Catholic church within the United States. The agreement has initially targeted 21 Protestant denominations representing approximately 70,000 churches.
 Frank Heffernan, president of Gallagher/Heffernan, said, "As the largest provider of insurance services to the Catholic church in the United States, we have gained a great deal of experience. We are proud to have formed a strategic partnership with the Christian Purchasing Network in bringing our services to the Protestant market."
 Thomas J. McElheny, chief executive officer of Jordan American Holdings, stated that "The joint effort of a product giant like Gallagher working in conjunction with a marketing specialist like Christian Purchasing Network is certainly unique in the church marketplace. This combination can bring significant cost savings, thereby converting operating overhead to dollars available for ministry and missions."
 Jordan American Holdings is a niche marketer of financial services and goods to the Christian community through two operating divisions: Christian Purchasing Network Group and Jordan Financial Group. Christian Purchasing Network Group brokers a select market basket of value-added goods and services to the church market through group pricing and service contracts. Jordan Financial Services provides investment advisory and portfolio management services to institutional and individual investors. Jordan American Holdings, Inc. was founded in 1989, and is headquartered in Sarasota, Fla.
 -0- 10/7/93
 /CONTACT: Francis X. Colleton of Jordan American Holdings, 813-366-7244/


CO: Jordan American Holdings, Inc.; Gallagher Heffernan Insurance ST: Florida IN: FIN INS SU: CON

JV-AW -- FL002 -- 9649 10/07/93 09:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 7, 1993
Words:389
Previous Article:CHRYSLER TO REDEEM DEBT
Next Article:TOYOTA'S CHARLOTTE-AREA RETAIL SALES CLIMB IN SEPTEMBER
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters