Gallagher, a global insurance and risk management brokerage firm, today announced it would join Cool Insuring Agency, Inc. in its support of the Glens Falls Arena, and extend its naming rights through 2025. The agreement comes following an announcement in December that Gallagher acquired Queensbury-based Cool Insuring Agency, Inc. Terms of the transaction were not disclosed.
“A key part of growing Gallagher’s business is to work with people and organizations like Cool Insuring Agency who share our common values of ethics, integrity, service and community enrichment,” said Bob Crandall, Area President for Gallagher in Albany. “We can’t think of a better way to support the Upstate New York community than by serving as a steward of the Arena, and we are excited to be part of its deep roots in Glens Falls.”
The 4,794-seat multi-purpose arena located in downtown Glens Falls currently serves as the home of a minor league hockey team and also boasts a 7,335 square foot banquet facility called Heritage Hall. While currently closed due to restrictions of the COVID-19 pandemic, the Arena will continue to host popular local activities including tractor pulls, concerts, public skating, indoor walking and more to the Upstate New York community.
"We've known all along that this Arena is a catalyst to the economic success of our community, so the question for both Cool Insuring Agency and Gallagher became focused on how we can support an entertainment and sport venue together,” said Jack Bieniek, Vice President, Cool Insuring Agency, Inc.
“Community support and involvement was one of the determining factors we evaluated during our conversations with Gallagher about the Arena.”
Cool Insuring Agency, Inc. was founded in 1857 by Charles W. Cool, the first Mayor of the City of Glens Falls and has served the community for the past 150 years. The partnership extension will include the naming rights to the Arena, which was officially named Cool Insuring Arena in 2018.
"We have developed a great relationship with Cool Insuring over these past few years as our naming rights partner, and we are thrilled that Gallagher wanted to extend our partnership,” said Jeff Mead, General Manager for Cool Insuring Arena. “This renewed commitment by Gallagher makes it clear that they share a strong commitment to the Upstate New York community.”
Gallagher is known for its commitment to its clients, leading with integrity and serving with expertise, ethics and excellence. This commitment has led to the Ethisphere Institute recognizing Gallagher as one of the World's Most Ethical Companies for nine consecutive years, and as the only honoree in the insurance brokerage industry. The Institute is a global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. The recognition honors those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities.