Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., has acquired Lemac & Associates Inc., headquartered in Los Angeles. Terms of the transaction were not disclosed.
Established in 1984, Lemac & Associates is a wholesale insurance broker and managing general agent that provides excess and surplus property/casualty coverages including professional and general liability, workers’ compensation and other specialty insurance products and services for their retail insurance agent clients throughout the United States. William Newton, president of Lemac, and his associates will continue to operate out of their current locations in Los Angeles and Orange, Calif., under the direction of Joel Cavaness, president of Risk Placement Services Inc.
Was this article valuable?
Here are more articles you may enjoy.
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB 
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG 
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC 
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
