Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed.
Founded in 2002, Healthcare Risk Solutions, LLC is a property/casualty retail insurance broker providing professional liability insurance products, associated risk mitigation consulting services and specialized program management exclusively to the medical community in the mid-Atlantic and Northeast states. The firm specializes in insurance products for all healthcare providers.
William Carey, Edmund Lynch and their associates will continue to operate from their Fort Washington office, with a satellite location in each of Connecticut, Massachusetts and New Jersey, under the direction of Douglas Brown, Northeast regional manager of Gallagher’s property/casualty brokerage operations.
J. Patrick Gallagher, Jr., chairman, president and CEO, said the new acquisition’s specialization will complement his firm’s professional liability insurance product niche strategy.
Source: Arthur J. Gallagher & Co.