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Arthur J. Gallagher Acquires Premier Risk Services

Posted on 03 Dec 2010

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International insurance brokerage and risk management services firm Arthur J. Gallagher & Co. acquired Premier Risk Services Inc., an Illinois retail insurance broker, its 15th announced acquisition this year.

Premier Risk Services provides commercial property/casualty and employee-benefits insurance and consulting services. The company, which has 12 employees, specializes in insurance coverage for the real estate, construction and manufacturing industries. Dino Gavanes and his associates will continue to work in their Itasca location under the direction of Thomas J. Gallagher, Midwest regional manager of Gallagher's retail property/casualty brokerage operation.

Gallagher spokeswoman Linda Collins declined to disclose the acquisition price or discuss how the deal came to fruition.

This latest combination follows Gallagher's acquisition last month of Behnke & Co. Inc., a Decatur, Ill., retail insurance broker and its acquisition in October of the third-party administration and managed-care services of GAB Robins North America Inc. Gallagher also had 15 acquisitions last year, Collins said.

Founded in 1927, Arthur J. Gallagher is ranked number five by 2009 total revenue in the Best's Review ranking of top global brokers, with $1.7 billion in revenue that year.