Arthur J. Gallagher acquires Shepard Insurance Group

Arthur J. Gallagher (AJG) acquired Old Greenwich, Connecticut-based Shepard Insurance Group. Terms of the transaction were not disclosed. Shepard Insurance Group is a retail insurance broker that specializes in serving high-net-worth clients in the Northeast US and Florida. Steve Shepard, Kyle Shepard and their team will remain in their current location under the direction of Brendan Gallagher, head of Gallagher’s Northeast region retail property/casualty brokerage operations