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ARTHUR J. GALLAGHER & CO. ANNOUNCES PROMOTIONS AND FORMATION OF A NEW DIVISION

 ITASCA, Ill., Feb. 23 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced today the formation of Arthur J. Gallagher Brokerage Services, a division of Arthur J. Gallagher & Co. This division was formed to help accelerate and promote the future growth of the firm's retail brokerage business. Walter F. McClure, who has headed the firm's retail brokerage network since 1979, has been promoted to chairman of this new division.
 Gary M. Van Der Voort, vice president and Eastern Regional manager of Gallagher's retail brokering network, will assume the office of president and chief operating officer of the new division. He will continue to retain the direct operational responsibility for the Eastern Region.
 Clark W. Johnson, vice president of Gallagher's Central Region, will relocate to California where he will assume the responsibility of the company's branch offices in Los Angeles, Woodland Hills, Orange County and San Diego.
 Jeff Lewis, formerly head of the company's Woodland Hills office, will join Gallagher's management staff in San Francisco where he will play a key role in the continued growth of the company's largest branch.
 Arthur J. Gallagher & Co., an international insurance brokerage and risk management firm, is headquartered in Itasca and has 132 offices in three countries. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
 -0- 2/23/93
 /CONTACT: Michael J. Cloherty, vice president-finance, Arthur J. Gallagher & Co., 708-773-3800/
 (AJG)


CO: Arthur J. Gallagher & Co. ST: Illinois IN: FIN INS SU: PER

ML -- DE018 -- 9553 02/23/93 16:02 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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