Monday, May 12, 2008

Arthur J. Gallagher & Co. Purchases Specialty Risk

Arthur J. Gallagher & Co. announced the acquisition of Specialty Risk, Inc. of Liberty, Missouri.

Established in 1994, Specialty Risk Inc. is a retail insurance broker providing risk management and commercial property/casualty insurance products and services to their clients throughout North America. They specialize 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.

"Our acquisition program is designed to help us grow geographically and add to our sales and service capabilities," said J. Patrick Gallagher, Jr., chairman, president and CEO. "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. We are extremely pleased to welcome Jamie and her team to our growing Gallagher family of professionals."

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