Mergers & Acquisitions: Risk Transfer Insurance Acquired
Arthur J. Gallagher Agency Acquires PEO Agency Risk Transfer
The Arthur J. Gallagher agency has added PEO specialist general agency Risk Transfer to its portfolio. Founded in 2000, Risk Transfer specializes in the underwriting and brokerage of property and casualty insurance products to the PEO and staffing industries. Industry veterans Dino Fabrizio and Jennifer Robinson will drive the business going forward under the veil of Arthur J. Gallagher. The group has created multiple binding authority programs over the years as well as retains a retail unit. Terms of the deal were not disclosed.
While involved in PEO for many years, Gallagher bet further on PEO when it purchased Stonehenge Insurance Solutions in 2019. With that acquisition, Jeff Rendel, Troy Reynolds and Chris O'Connor brought Gallagher the foundation of a PEO "Center of Excellence:" While more focused on retail, Stonehenge brought a wide range of services to the able for its clientele.
Doubling down with the purchase of Risk Transfer, it is not unnoticed the commitment Gallagher has made to the PEO space. The pairing of the two groups puts them. in a position to work with over 200 PEO's, or almost half of the PEO industry as counted by units.
We wish the combined team the best of luck in this newly formed alliance and look forward to what comes next for them, and Gallagher as a whole.
Join the Conversation on Linkedin | About PEO Compass
Contact the Founder of the PEO Compass and Professional Employer Organization (PEO) Expert, Paul Hughes
Paul Hughes has been working with the Professional Employer Organization (“PEO”) industry since 1995 and data management since 2005. He is responsible for the day to day operations of both Libertate Insurance Services, LLC and RiskMD, which reports into the overall Ballator Insurance Group family of companies. Learn more about Paul.
Specializing in PEO Services: Workers Compensation, Mergers & Acquisitions, Data Management, Insurance Focus on: Employment Practices Liability (EPLI), Cyber Liability, Health Insurance, Occupational Accident, Business Insurance, Client Company, Casualty and Disability Insurance.