ROLLING
MEADOWS, Ill., May 23, 2024
/PRNewswire/ -- Arthur J. Gallagher & Co. today announced
that its U.S. wholesale brokerage, binding authority and programs
division, Risk Placement Services, Inc. (RPS), has acquired
Golden Valley, Minnesota-based CCI
Surety, Inc. Terms of the transaction were not disclosed.
Founded by Michael Williams and
led by Jeremy Crawford, CCI Surety
is a managing general underwriter (MGU) specializing in wholesale
contract and commercial surety bonds for retail agents throughout
the United States. Crawford and
the CCI Surety team will remain in their current location under the
direction of Matt Lynch, head of
RPS's national binding operations.
"CCI Surety is a well-established agency whose wholesale surety
platform expands RPS's product offerings," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am
very pleased to welcome Jeremy and his associates to our growing
team."
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.