Arthur J. Gallagher & Co. Acquires Continental Special Risks, Inc.
December 26th, 2009
Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services, Inc., acquired Continental Special Risks, Inc., in Roswell, Georgia. Terms of the transaction were not disclosed.
Founded in 1984, Continental Special Risks is a wholesale insurance broker and managing general agent. They provide excess and surplus property/casualty coverage including professional and general liability, commercial package and property, and other specialty insurance products and services for their retail insurance agent clients throughout the Southeast. Robert M. Schacher, Donna L. Schacher and their associates will continue to operate out of their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc.
“With an average of 26 years’ industry experience, Continental Special Risks’ senior management team is widely respected for their strong relationships with a broad spectrum of surplus lines carriers,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their focus on underwriting expertise, team-based sales culture, and southeastern U.S. location will be an outstanding complement to Risk Placement Services’ organization. We are pleased to welcome Bob, Donna and their associates to our growing Gallagher family of professionals.”
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 14 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.
Categories: Financial Services |
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