Arthur J. Gallagher & Co. Acquires Sound Insurance Services

ROLLING MEADOWS,Ill.,Dec. 2,2021 --Arthur J. Gallagher& Co. today announced the acquisition of Caulfield,Victoria-based Sound Insurance Services. Terms of the transaction were not disclosed.

Founded in 2011 by Simon Feldman and Morris Alessi,Sound Insurance is a retail property/casualty broker serving small and mid-market corporate clients in the Melbourne Central Business District and Victoria from its primary office in Caulfield and a smaller office in the Docklands. Feldman,Alessi,Daniel Winkel,Mark O'Sullivan and their associates will continue to operate from their Caulfield location under the direction of Sarah Lyons,head of retail property/casualty brokerage operations for Gallagher in Australia.

"Sound Insurance is a well-regarded broker with a strong growth record that will enhance our capabilities in Melbourne,particularly in the small corporate and mid-market segment," said J. Patrick Gallagher,Jr.,Chairman,President and CEO. "I am delighted to welcome Simon,Morris,Daniel,Mark and their associates to our growing,global team."

Arthur J. Gallagher & Co. (NYSE:AJG),a global insurance brokerage,risk management and consulting services firm,is headquartered inRolling Meadows,Illinois.The company has operations in68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors: Ray Iardella

Media: Linda J. Collins

VP - Investor Relations

VP- Corporate Communications

630-285-3661/ray_iardella@ajg.com

630-285-4009/linda_collins@ajg.com

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