McGriff announced that it has acquired Alternative Risk Resources (ARR), a Wisconsin-based commercial brokerage firm that specializes in captive insurance.
The transaction expands McGriff’s presence in the captive insurance market with a firm that has been active in the industry for more than 25 years. The acquisition also broadens McGriff’s operations in the Midwest, representing the business’ first move into Wisconsin.
ARR will transition to the McGriff brand over the next six months. The terms of the transaction were not disclosed.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report 
Parkland Shooting Wasn’t Multiple Incidents With Multiple Deductibles, Court Says 
Bipartisan Legislation Introduced to Retroactively Restore NFIP 
Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US 
