US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. (AJG) has acquired California-based Madison Risk & Insurance Services.
Terms of the deal have not been disclosed.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr., said: "For nearly 20 years, Madison has developed an outstanding reputation for its depth of industry expertise, strong market relationships and focus on quality client service.
"Their team’s sales-based culture and healthcare industry specialization will be a terrific complement to our Western Region, and we are very pleased to welcome Anthony, Kathryn and their colleagues to our growing Gallagher family of professionals."
Established in 1997, Madison is a retail insurance broker that offers property/casualty and risk management insurance and consulting services specifically for the healthcare industry.
Madison provides coverages for hospitals, individual and group physicians, physician assistants, health systems, nurse practitioners, and allied facilities and providers across the US.
Under the leadership of Gallagher’s western retail property/casualty brokerage operations head, Madison’s Anthony Bowen, Kathryn Bowen and their associates will continue to operate from their current location.
With operations in around 30 countries, AJG provides client-service capabilities in about 140 countries across the globe through a network of correspondent brokers and consultants.
Image: Madison is a retail insurance broker that offers property/casualty and risk management insurance and consulting services. Photo: courtesy of renjith krishnan/ FreeDigitalPhotos.net.