Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired El Paso, Texas-based Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed.
LSR is a wholesale insurance broker and managing general agency (MGA) specializing in transportation and property/casualty solutions for retail agents in Texas and the Southwest US. Bill Brenton and his team will remain in their current location under the direction of Ash Thomas, VP-Western Region for RPS.
“LSR’s market reputation and transportation niche expertise will expand RPS’s capabilities in Texas,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am excited to welcome Bill and his associates to our growing team.”
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
