ITASCA, Ill., April 16, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Madison Risk & Insurance Services (Madison) in Huntington Beach, California. Terms of the transaction were not disclosed.
Founded in 1997, Madison is a retail insurance broker providing property/casualty and risk management insurance and consulting services exclusively for the healthcare industry. They specialize in coverages for hospitals, individual and group physicians, physician assistants, health systems, nurse practitioners, and allied facilities and providers throughout the United States. Anthony Bowen, Kathryn Bowen and their associates will continue to operate from their current location under the direction of James McFarlane, head of Gallagher's western retail property/casualty brokerage operations.
"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," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "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."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.