Arthur J. Gallagher & Co (AJG) announced the acquisition of Insurance Point, in St. Charles, Illinois and Salt Lake City, Utah, for an undisclosed sum.
Insurance Point offers a wide range of employee benefit consultation and insurance brokerage services designed exclusively for healthcare systems and hospitals throughout the United States.
Along with traditional life and disability insurance programs, they also specialize in voluntary benefits, medical stop-loss insurance, leave and sick plan programs, benefit administration systems and executive benefit programs.
Led by Michael Greco out of St. Charles, Insurance Point will continue to operate in its current locations and will be under the direction of William Ziebell, head of Gallagher’s North Central employee benefit consulting and brokerage operations.
"Insurance Point is highly regarded in the industry for its depth of experience with employee benefit cost containment that provides long-term solutions for its healthcare clients," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their focus on quality client service, solid market relationships, team-based culture and strong healthcare expertise will be a great complement to our employee benefits operation. We are pleased to welcome Mike and his team to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 27 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.