Risk Placement Services, Inc. (RPS) reports it has acquired McKee Risk Management, Inc., a King of Prussia, Pennsylvania-based program administrator.
Terms of the transaction were not disclosed.
McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services with program focuses of construction, public entity and property.
Clyde McKee III, Clyde McKee IV and their team will operate under RPS’s program administration division.
RPS is the U.S. wholesale brokerage, binding authority and programs division of global broker Arthur J. Gallagher & Co.
“McKee Risk Management brings a well-established platform and underwriting expertise that complement RPS’s programs offerings,” said J. Patrick Gallagher, Jr., chairman and CEO.
Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois. Gallagher provides services in approximately 130 countries.
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