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Global insurance brokerage Arthur J. Gallagher & Co. has acquired Fort Myers-based Specialty Risk Management Services LLC and its affiliate, Private Client Insurance Services.
Financial terms of the deal weren’t disclosed.
Specialty Risk Management Services manages a property insurance program for businesses in Florida, according to a statement. Private Client Insurance Services is an agency specializing in commercial risks, condominium associations and personal lines. Elaine Hawkins, who began her insurance career with Liberty Mutual Insurance Company in Miami in 1975, is president of both firms.
Hawkins, Wes Brewer and their team will remain in their current location under the direction of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations, the release states. Arthur J. Gallagher & Co. is based in Rolling Meadows, Illinois.
"Specialty Risk Management Services and Private Client Insurance Services have a culture similar to ours and will deepen our service offerings in a key market," Arthur J. Gallagher & Co. Chairman and CEO J. Patrick Gallagher Jr. says in the release. "I am delighted to welcome Elaine, Wes and their associates to Gallagher."
Hawkins founded Specialty Risk Management Services in 1999, to, the company’s website states, “provide a unique property insurance program alternative for commercial risks.” She founded Private Client Insurance Services in 2003, the site adds, with a focus on risk management services for high-net-worth individuals.
Arthur J. Gallagher & Co. provides insurance brokerage services risk management and consulting services in some 130 countries through its owned operations and a network of correspondent brokers and consultants.
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