Arthur J. Gallagher & Co. said its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc., acquired Med James, Inc., an Overland Park, Kansas-based managing general agency and wholesale insurance broker. The companies did not disclose transaction terms.
Med James serves retail agents through MGA and wholesale brokerage services. Pam Donahue and the Med James team will continue working from their current location. They will report to Jacey Norberg, Vice President, North Central Region, at RPS.
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., said Med James has built a strong position in wholesale insurance and expands RPS’s regional capabilities. He also welcomed the Med James team to Gallagher’s wider professional network.
The deal adds another regional wholesale platform to RPS, Gallagher’s U.S. division focused on wholesale brokerage, binding authority and programs business.
For retail agents, the acquisition keeps the existing Med James team in place while moving the firm under Gallagher’s larger distribution structure.
Arthur J. Gallagher & Co. operates as a global insurance brokerage, risk management and consulting services firm.
The company is headquartered in Rolling Meadows, Illinois, and provides services in around 130 countries through owned operations and a network of correspondent brokers and consultants.
In July 7, Gallagher announced the acquisition of Burnaby, British Columbia-based Wilson M. Beck Insurance Services Inc. (“WMB”). Terms of the transaction were not disclosed.
WMB provides retail insurance brokerage services to commercial clients primarily in Western Canada, with industry focuses of construction, commercial real estate, surety bonding, hospitality and mining.
“WMB’s excellent reputation for niche industry expertise will enhance our retail brokerage capabilities in Canada,” said J. Patrick Gallagher, Jr., Chairman and CEO.
The WMB team, led by David Beck, will remain in their current locations under the direction of Dave Partington, head of Gallagher’s retail property/casualty brokerage operations in Canada, Latin America and the Caribbean.
