The acquisition will strengthen Gallagher’s presence in the Michigan market and enhance its service offerings to clients in the region. Peabody Insurance’s experienced team, led by Jim Peabody and Grace Peabody-Ljoljic, will continue to operate under the Gallagher brand.
The move aligns with Gallagher’s ongoing commitment to expanding its geographic footprint and providing comprehensive insurance solutions to clients.
Headquartered in Rolling Meadows, Illinois, Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
“Peabody Insurance is a highly regarded agency with niche expertise that will enhance our retail brokerage capabilities in Michigan,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am delighted to welcome Jim, Grace, their family and associates to Gallagher.”
