Arthur Gallagher, an insurance brokerage and risk management services firm, has acquired Healthcare Risk Solutions headquartered in Fort Washington, Pennsylvania, US. Terms of the transaction were not disclosed.
Healthcare Risk Solutions is a property/casualty retail insurance broker providing professional liability insurance products, associated risk mitigation consulting services and specialized program management.
William Carey, Edmund Lynch and their associates will continue to operate from their Fort Washington office, with a satellite location in each of Connecticut, Massachusetts and New Jersey, under the direction of Douglas Brown, northeast regional manager of Gallagher’s property/casualty brokerage operations.
Patrick Gallagher, chairman, president and CEO of Arthur Gallagher, said: Healthcare Risk Solutions is highly regarded in the medical community for their extensive industry expertise and excellent market relationships that are so necessary for addressing their clients’ unique needs. Their specialization will be a terrific complement to our professional liability insurance product niche strategy.
We are extremely pleased to welcome Bill, Ed and their team to our growing Gallagher family of professionals.