arthur j. gallagher & co. (nyse: ajg) announced the acquisition of the remaining shares of philpacific insurance brokers & managers, inc. (philinsure), a commercial insurance and reinsurance broker based in the philippines. the company has offices in cebu city, greater manila, and davao city.

philinsure’s leadership, including gordon "dondi" joseph, will remain in place, reporting to sarah lyons, head of gallagher’s retail property/casualty brokerage operations in australia and asia.

j. patrick gallagher, jr., chairman and ceo, stated that philinsure’s strong growth and culture align with gallagher’s, making it an excellent fit for expanding brokerage operations in asia.