Global insurance brokerage, Arthur J. Gallagher & Co. has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services.
Terms of the transaction were not disclosed.
Full-service insurance broker, Coverys Insurance Services specialises in medical malpractice and professional liability for healthcare clients throughout Michigan.
It has been confirmed that the Coverys Insurance Services team will remain in their current location under the direction of Ryan Isaacs – Head of Gallagher’s Midwest region retail property & casualty brokerage operations.
J. Patrick Gallagher, Jr., Chairman, President and CEO, commented: “Coverys Insurance Services is a highly regarded agency whose deep healthcare expertise provides significant opportunities for growth in the region.
“I am very pleased to welcome the Coverys Insurance Services team to Gallagher.”
Arthur J. Gallagher has made a number of acquisitions across the last several months.
Just recently, it was reported that the firm had acquired Cobram, Victoria-based Edgar Insurance Brokers, a provider of commercial insurance products and services with a focus on rural and farm, hospitality, transport and trade clients.
Then earlier in the month, the company also acquired Dublin, Ireland-based Keaney Insurance Brokers Ltd.
In October, Arthur J. Gallagher also acquired Baton Rouge, Louisiana-based Cadence Insurance, Inc., a wholly-owned subsidiary of Cadence Bank, as well as Michigan-based Meadowbrook Insurance Agency, and The Coverage Pro, an Arizona-based retail insurance broker expert.