ITASCA, Ill., March 20 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisition of Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed.

Founded in 2002, Healthcare Risk Solutions, LLC is a property/casualty retail insurance broker providing professional liability insurance products, associated risk mitigation consulting services and specialized program management exclusively to the medical community in the mid-Atlantic and Northeastern United States. They specialize in insurance products for all healthcare providers. William Carey, Edmund Lynch and their associates will continue to operate from their Fort Washington office, with a satellite location in each of Connecticut, Massachusetts and New Jersey, under the direction of Douglas Brown, Northeast Regional Manager of Gallagher's property/casualty brokerage operations.

"Healthcare Risk Solutions is highly regarded in the medical community for their extensive industry expertise and excellent market relationships that are so necessary for addressing their clients' unique needs," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their specialization will be a terrific complement to our professional liability insurance product niche strategy. We are extremely pleased to welcome Bill, Ed and their team to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 13 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants. Gallagher is traded on the New York Stock Exchange under the symbol AJG.

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Source: Arthur J. Gallagher & Co.

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