International brokerage giant Arthur J Gallagher appears to be acquisition hungry after snapping up Regency Group.
Established back in 1981, the East Lansing, Michigan-based firm is a wholesale insurance broker and program administrator that has built a reputation for working with independent retail insurance broker clients throughout the state.
Regency offers both group and large firm self-insured, workers compensation programs customized with an emphasis on program design, regulatory approval and compliance, and administration and claims management. In addition, the firm provides retail specialty programs and products for the landscaping, retail hardware and restaurant industries.
“The Regency team is well known for their industry knowledge, trade association relationships and niche expertise,” said J. Patrick Gallagher Jr., chairman, president and CEO. “Their strong Michigan presence will be a wonderful complement to our company’s expanding geographic footprint.
“They also have strong carrier relationships which are so important when placing risks for retail clients, and their expertise in workers compensation programs will be an excellent addition to RPS’ network. We are extremely pleased to welcome Tim and his associates to our growing RPS family of professionals.”
In separate news, the company announced the appointment of a new UK operations director which you can read about at our UK website
here.
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