Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, completed the acquisition of CBS Insurance, a retail insurance agency providing property/casualty and health/benefits coverages to clients throughout Texas and the surrounding region. Financial terms were not disclosed. "CBS Insurance is a well-regarded insurance agency with a strong growth record that expands our retail insurance and consulting capabilities in Texas. I am very pleased to welcome Peter, Steve and their team to Gallagher," J. Patrick Gallagher, Arthur J. Gallagher Chairman, President and CEO.