ITASCA, Ill., Oct. 26 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Triad Insurance Agency, Inc., in Honolulu, Hawaii from The Bank of Hawaii. Terms of the transaction were not disclosed.

Originally founded in 1967, Triad Insurance Agency, Inc. is a managing general agent and wholesale insurance broker providing excess and surplus property/casualty coverage and other specialty insurance products and services to their retail insurance agents and broker clients throughout Hawaii. Phil Rellinger and the Triad team will continue to operate in Honolulu under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

"For over 40 years, Triad has built a successful business through its combination of dedicated retail service and solid market relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their team-based approach to service, their unique brokering capabilities and their Hawaiian location make them a terrific addition to our wholesale operations. We are extremely pleased to welcome Phil and his associates to our growing Risk Placement Services' family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.

SOURCE Arthur J. Gallagher & Co.