ITASCA, Ill., June 1 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Risk & Reward Group in London, England. Terms of the transaction were not disclosed.
Founded in 1996, Risk & Reward Group is an employee benefits consultant and insurance broker offering a broad range of employee benefits insurance and consulting services to both their United Kingdom and international clients. They specialize in benefit design and implementation, risk brokering and management, absence and claims management and human resource consulting for human capital financial management. Managing Partner, Tim Johnson, and his associates will continue to operate from their London location reporting through John Neumaier, Executive Vice President of Gallagher's employee benefit consulting and brokerage operation.
"We are particularly excited to have completed the acquisition of Risk & Reward Group, our first employee benefits acquisition in the United Kingdom," said J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher & Co. "Their solid culture, similar business model and commitment to delivering the highest professional standards will be a wonderful addition to our employee benefits operations. We are pleased to welcome Tim 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 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.