The acquired business is a full-service insurance broker
by Ryan Smith
Arthur J. Gallagher & Company has announced that it has acquired the assets of the retail agency business of Coverys Insurance Systems, a full-service insurance broker based in East Lansing, Michigan. The terms of the transaction were not disclosed.
Coverys Insurance Services specializes in medical malpractice and professional liability for health care clients throughout Michigan, Gallagher said in a news release.
As part of the acquisition, the Coveries team will remain in their current locations and report to Ryan Isaac, head of Gallagher’s Midwest regional retail P&C brokerage operations.
Gallagher Chairman, President and CEO J. “Coverage Insurance Services is a highly respected agency whose deep health care expertise provides significant growth opportunities in the region,” said Patrick Gallagher Jr. “I am very pleased to welcome the Coverys Insurance Services team to Gallagher.”
Coverys Insurance Services is the latest in a series of acquisitions by Gallagher. Earlier this month, the brokerage giant spun off Connecticut-based WDK Benefits and The Evans Agency, a commercial P&C firm headquartered in Williamsville, NY.
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