Arthur J. Gallagher & Co. has expanded its presence in the employee benefits and property & casualty markets through the acquisition of two specialized agencies: Oklahoma-based Scout Benefits Group and California-based Statewide Commercial Insurance Brokers.
Scout Benefits Group focuses on employee benefits consulting, particularly in designing health plan strategies for clients in Oklahoma. Tiffany Davis, Todd Davis, and their team will continue operating from their current office, now reporting to Leah Vetter, who leads Gallagher’s Central region employee benefits consulting.
“Scout Benefits Group has a strong culture and industry reputation, and their capabilities in benefits consulting complement our own,” noted chair and chief executive J. Patrick Gallagher, Jr. “I am delighted to welcome Tiffany, Todd, and their associates to Gallagher.”
Meanwhile, Gallagher has also acquired Statewide Commercial Insurance Brokers (formally American Matar International), a retail property & casualty agency in Altadena. Statewide Commercial Insurance Brokers is known for its expertise in construction contractors, serving clients across California and several other states.
Led by Lana Matar, the team will continue to operate from its current location, guided by Scott Firestone who oversees Gallagher’s Southwest retail property&casualty brokerage operations.
“Statewide Commercial Insurance Brokers is a well-regarded agency with niche expertise that complements our retail brokerage capabilities in Southern California,” said the wider group’s CEO. “I am very pleased to welcome Lana and her associates to Gallagher.”
The two deals, financial terms of which were not disclosed, come on the heels of a series of acquisitions by the global brokerage. Recent transactions include Washington-based Adept Benefits, Filos Agency in New York, Australian business Via Financial Group, and Redington Ltd in the UK.
Adept Benefits, located in Snoqualmie, is a health and benefits consulting firm that serves the greater Seattle area.
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