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
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