Arthur J. Gallagher & Co. Acquires Risk International

Rhea-AI Summary

Arthur J. Gallagher & Co. has announced that its subsidiary, Artex, has acquired Risk International, a Fairlawn, Ohio-based company providing outsourced risk management and employee benefits advisory services. The acquisition, completed on October 2, 2024, aims to strengthen Artex's strategic position and growth opportunities in North America.

Risk International's team, led by Todd Miller and Todd Lawrence, will continue to operate from their current location under the direction of Jennifer Gallagher, head of Artex's North American operations. The move is expected to enhance Gallagher's expertise in advisory services and expand its client relationships.

J. Patrick Gallagher, Jr., Chairman and CEO, expressed enthusiasm about welcoming the Risk International team to the Gallagher family. Arthur J. Gallagher & Co. (NYSE:AJG) is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries worldwide.

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ROLLING MEADOWS, Ill., Oct. 2, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its alternative risk and capital solutions subsidiary, Artex, has acquired Fairlawn, Ohio-based RIBV Holdings, LLC, and its subsidiaries, collectively doing business as Risk International. Terms of the transaction were not disclosed.

Risk International provides outsourced risk management and employee benefits advisory services for private equity and corporate clients across the US. The Risk International team, led by Todd Miller and Todd Lawrence, will remain in their current location under the direction of Jennifer Gallagher, head of Artex's North American operations.

"Risk International's advisory expertise and client relationships are an excellent strategic fit for Artex and will provide opportunities for growth," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome the Risk International team to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations	Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J. Gallagher & Co. (AJG) acquire on October 2, 2024?

Arthur J. Gallagher & Co.'s subsidiary, Artex, acquired Risk International, a Fairlawn, Ohio-based company providing outsourced risk management and employee benefits advisory services.

Who will lead the Risk International team after the acquisition by AJG?

The Risk International team, led by Todd Miller and Todd Lawrence, will remain in their current location under the direction of Jennifer Gallagher, head of Artex's North American operations.

What services does Risk International provide to AJG's portfolio?

Risk International provides outsourced risk management and employee benefits advisory services for private equity and corporate clients across the US.

How many countries does Arthur J. Gallagher & Co. (AJG) operate in?

Arthur J. Gallagher & Co. provides insurance brokerage, risk management, and consulting services in approximately 130 countries around the world.

What is the stock symbol for Arthur J. Gallagher & Co.?

The stock symbol for Arthur J. Gallagher & Co. is AJG, and it is listed on the New York Stock Exchange (NYSE).