Insurance brokerage and risk management services firm Arthur J. Gallagher & Co has acquired two US retail insurance brokers, Insurance Plans Agency (IPA) and Charles Allen Agency (CAA).
Based in South Barrington of Illinois, the IPA provides group employee benefits products and consulting services and commercial property/casualty insurance services to business and individual clients across the US.
The broker is also specialized in providing employee benefits products, comprising of strategic planning, building and implementation of custom benefit solutions.
In addition, it offers wellness plans, human resource and compliance support and employee communications services.
Based in Waite Park of Minnesota, the CAA offers commercial surety bonding and insurance services to clients across the Midwest.
The broker is also specialized in offering coverage for the construction industry.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "The IPA team is well known for their benefits expertise and their ability to evaluate and provide alternative benefit solutions for their clients."
"In addition, their similar sales culture and strong client relationships will be a terrific complement to our growing employee benefits brokerage and consulting operation."
With operations in 31 countries and client-service capabilities in more than 150 countries, Gallagher provides insurance brokerage and risk management services through a network of correspondent brokers and consultants.
Image: Arthur J. Gallagher & Co has acquired Insurance Plans Agency and Charles Allen Agency. Photo: courtesy of stockimages / FreeDigitalPhotos.net.