ROLLING MEADOWS, Ill.,
May 21, 2019 /PRNewswire/
-- Arthur J. Gallagher & Co. today announced the
acquisition of Parsippany,
N.J.-based RPA Insurance Services, LLC and Innovative
Coverage Concepts, LLC. Terms of the transactions were not
disclosed.
RPA Insurance Services is an industry leader in providing
insurance and risk management services to the Restaurant and
Hospitality industry. They have developed proprietary loss
prevention and claim management techniques to help their diverse
client base control Total Cost of Risk and outperform industry loss
averages. RPA operates from offices in New Jersey, California, Colorado, Pennsylvania and Florida. Innovative Coverage Concepts
(ICC) is a program manager and managing general agency focused
exclusively on developing and delivering specialized insurance
programs for restaurants of all types throughout the United States.
Dean Carras and his team will
continue to operate in their current locations reporting to
Dan Tropp, head of Gallagher's
Mid-Atlantic retail property/casualty brokerage operations, and
Joel Cavaness, head of Gallagher's
U.S. wholesale brokerage operations.
"RPA and ICC are clear leaders in the restaurant insurance
space, a focus which fits well with our niche strategy," said J.
Patrick Gallagher, Jr., Chairman,
President and CEO. "We're very excited to welcome Dean and his team
to Gallagher."
"The Total Cost of Risk approach that the RPA/ICC team takes in
serving their client base dovetails nicely with our Core360™
strategy," added Dan Tropp,
referring to Gallagher's comprehensive approach to evaluating
clients' risk management programs.
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows,
Illinois. The company has operations in 35 countries and
offers client service capabilities in more than 150 countries
around the world through a network of correspondent brokers and
consultants.
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Investors: Ray
Iardella
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Media: Linda J.
Collins
|
VP – Investor
Relations
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VP – Corporate
Communications
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630-285-3661/ ray_iardella@ajg.com
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630-285-4009/ linda_collins@ajg.com
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SOURCE Arthur J. Gallagher &
Co.