Arthur J. Gallagher Acquires Illinois’ Tave Risk Management

Arthur J. Gallagher & Co. has Chicago-based Tave Risk Management, LLC.

Terms of the transaction were not disclosed.

Founded in 2000, Tave Risk Management, LLC is a retail property/casualty broker and risk advisory firm offering a full range of risk placement, loss forecasting, risk management cost allocation and risk financing services to large and mid-sized clients across a range of industries, including manufacturing, construction, financial services, nonprofits, museums and universities, as well as high-net-worth private clients.

Ruth Tave and her associates will remain in their current location under the direction of Ryan Isaacs, head of Gallagher’s Midwest region retail property/casualty brokerage operations.

Topics Mergers & Acquisitions Illinois