ITASCA, Ill., Dec. 21, 2010 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Tribeca Strategic Advisors, LLC ("Tribeca") located in Mesa, Arizona. Terms of this transaction were not disclosed.
Established in 1999, Tribeca is an alternative risk and captive consulting and management company providing captive management services to their small and middle-market, group and association clients throughout the United States. They specialize in the design, implementation, licensure and management of captive insurance companies. Karl N. Huish and his associates will continue to operate in their Arizona location under the direction of David McManus, President of Artex Risk Solutions, Inc., Gallagher's captive management and alternative risk programs subsidiary.
"Tribeca is well known for their innovative and flexible approach to captive management services," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their extensive captive experience and solid small and middle-market client focus will be a terrific addition to Artex Risk Solutions. We are extremely pleased to welcome Karl 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.
Contact: Marsha J. Akin -Investor Relations
SOURCE Arthur J. Gallagher & Co.