Arthur J. Gallagher & Co. has announced the acquisition of Florida-based SeaCoast Underwriters by its US wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS).
Founded in 1996, SeaCoast Underwriters specialises in commercial property & casualty, flood & excess flood, personal lines, and transportation & garage risks, primarily across Florida and in 13 other states.
The firm is a wholesale specialist serving as a managing general agency (MGA) with binding authority, as well as a surplus lines broker, for a variety of admitted and non-admitted insurers.
According to Gallagher’s statement, SeaCoast founder Shawn Chaffin and his associates will continue to operate from their Lake Mary location, under the direction of Laura Allen, head of RPS’s Southeast region binding operations.
“SeaCoast Underwriters has a strong team of dedicated underwriting professionals who will bring additional products and programs to RPS’s retail agent and broker clients,” said J. Patrick Gallagher, Jr., Chairman, President and CEO of Gallagher.
“We are very pleased to welcome Shawn and his associates to our growing global team.”