Arthur J. Gallagher & Co. announced it has acquired the Sheridan Insurance Group of Friendswood, Texas. Terms of the transaction were not disclosed.
Founded in 1984, the Sheridan Insurance Group, doing business as National Health Services, is an insurance brokerage operation that specializes in structuring and placing medical malpractice insurance for more than 3,000 physicians and physician groups. Thomas E. Sheridan and his associates will continue to operate in their current location under the direction of James J. Braniff III, South Central regional manager of Gallagher’s Brokerage Services Retail Division.
J. Patrick Gallagher, Jr., president and chief executive officer, said, “The acquisition of the Sheridan Insurance Group fits perfectly within our retail brokerage division’s niche strategy. Their professionalism and expertise in placing physician malpractice in a challenging market are an excellent complement to our healthcare insurance niche. We are extremely pleased to welcome Tom and his team to our growing Gallagher family of professionals.”
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill., has operations in nine countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.
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