Gabor Insurance Services Inc. and its subsidiary, American Professional Liability Underwriters, headquartered in Miami, were recently acquired by Illinois-based Arthur J. Gallagher & Co.
Gabor functions as a managing general agency and excess and surplus lines insurance broker focused on commercial property principals including architects and engineers, lawyers and health care professionals throughout the southeastern region of the United States.
The Gabor team of Ronald Gabor, Michael Gabor, Robert Kenney and their associates will continue to operate from their four existing Florida locations in Miami, Sebastian, Boca Raton and Tampa while reporting to Joel Cavaness, who serves as president of Arthur J. Gallagher & Co.’s subsidiary firm, Risk Placement Services.
The Gabor firm has been a fixture in Florida for over 60 years. As a company unaffiliated with a retail agency, Gabor Insurance Services belongs to the Independent Insurance Agents of South Florida IIASF) and has operated American Professional Liability Underwriters Inc. as its subsidiary for over two decades.
"We are always looking for partners that promote product alternatives, expand our sales and service presence and align with our key markets,” J. Patrick Gallagher Jr., the acquiring company’s chairman, president and CEO, said. “Gabor's depth of experience, focus on client service and product specializations will be great complements to Risk Placement Services' niche practice capabilities."