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Arthur Gallagher acquires Specialty Risk

Arthur Gallagher, an insurance brokerage and risk management services firm, has announced the acquisition of Specialty Risk. Terms of the transaction were not disclosed.

Specialty Risk is a retail insurance broker providing risk management and commercial property/casualty insurance products and services to its clients throughout North America. The company specializes in occupational accident insurance, corporate and fleet workers compensation, physical damage and non-trucking liability insurance for independent contractors, fleet and company drivers, and motor carriers in the transportation field.

Jamie Krisman and her associates will continue to operate in their current location under the direction of Michael Henthorn, south central regional manager of Gallagher’s retail property/casualty brokerage operation.

Patrick Gallagher, chairman, president and CEO of Arthur Gallagher, said: Our acquisition program is designed to help us grow geographically and add to our sales and service capabilities.

Specialty Risk certainly has these characteristics. With over 14 years of transportation industry experience, they will be an excellent addition to our niche strategy. In addition, their emphasis on teamwork and quality client service fits well within our culture.