Arthur J. Gallagher & Co. has acquired the Regency Group (Regency), a wholesale insurance broker and program administrator located in East Lansing, Michigan.
Terms of the transaction were not disclosed.
Established in 1981, Regency provides group and large firm self-insured, workers’ compensation programs for independent retail insurance broker clients throughout Michigan. The firm offers customized workers’ compensation programs and services with an emphasis on program design, regulatory approval and compliance, and administration and claims management.
Regency also provides retail specialty programs and products for the landscaping, retail hardware and restaurant industries.
Timothy Hanna and his team will continue to operate from their location in East Lansing under the direction of Joel Cavaness, president of Risk Placement Services Inc. (RPS), a subsidiary of Arthur J. Gallagher & Co.
Source: Arthur J. Gallagher & Co.
Was this article valuable?
Here are more articles you may enjoy.
How Insurers Know When It’s Time to Scale AI 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Update: NAIC Says Data Taken in Hack Has Been Published Online 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
