Many thought that Arthur J. Gallagher and USI had been unusually quiet in during the end of 2008- but apparently they were both busy wrapping up a blockbuster deal with Liberty Mutual.

Both companies acquired the renewal rights and certain employees from Liberty’s middle market P&C group.

Interesting, here, is Liberty shedding their captive distribution channel. While they open themselves up to some competition, it stands to reason they get a broader channel by joining two excellent teams.