Founded in 1996, CRES designs, markets and services comprehensive errors & omissions insurance and risk management services to real estate firms and professionals across the United States, particularly in the Southwest

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Arthur J. Gallagher acquires Las Vegas-based insurance agency. (Credit: FreeDigitalPhotos.net/IndypendenZ.)

Arthur J. Gallagher announced the acquisition of Las Vegas, Nevada-based CRES Insurance Services, LLC. Terms of the transaction were not disclosed.

Founded in 1996, CRES designs, markets and services comprehensive errors & omissions insurance and risk management services to real estate firms and professionals across the United States, particularly in the Southwest. The CRES team will continue to operate from their current locations in Las Vegas and San Diego under the direction of Kevin Garvin, head of Gallagher’s North American Affinity operations.

“CRES’s specialized expertise and product offerings to real estate agents complement and expand our strengths in that market,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am very pleased to welcome Steve Sargenti and his associates to our growing global team.”

Source: Company Press Release