Arthur J. Gallagher & Co. Acquires Colorado-based Ryan Insurance Strategy Consultants

Rhea-AI Summary

Arthur J. Gallagher & Co. announced the acquisition of Ryan Insurance Strategy Consultants, based in Greenwood Village, Colorado, on April 25, 2022. Ryan, founded in 1990, supports financial advisors with insurance recommendations, focusing on life, disability, and long-term care insurance. The firm will continue operating under Gallagher's management, led by Kevin Garvin. The acquisition is expected to enhance Gallagher's presence in professional lines programs, leveraging Ryan's strong relationships with financial planning associations.

Positive

• Acquisition of Ryan Insurance Strategy Consultants expands Gallagher's footprint in professional insurance lines.
• Ryan's established relationships with financial planning associations may lead to new growth segments.

Negative

• None.

ROLLING MEADOWS, Ill., April 25, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Greenwood Village, Colorado-based Ryan Insurance Strategy Consultants. Terms of the transaction were not disclosed.

Founded in 1990, Ryan Insurance Strategy Consultants assists financial advisors with insurance recommendations for their clients. With its research focused on life, disability and long-term care insurance planning, the Ryan team performs due diligence on new and existing insurance plans prior to recommending any insurance solution. Ryan also helps administer association group insurance benefit programs that insure thousands of financial advisors for their own personal insurance needs. John Ryan and his associates will continue operating from their current location under the direction of Kevin Garvin, head of Affinity North America for Gallagher's retail property/casualty brokerage operations.

"Ryan's strong relationships with leading financial planning associations will help us deepen and expand our existing footprint in professional lines programs into new and growing segments," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am excited to welcome John and his colleagues to Gallagher."

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors: Ray Iardella VP - Investor Relations 630-285-3661/ ray_iardella@ajg.com

Media: Linda J. Collins    VP - Corporate Communications 630-285-4009/ linda_collins@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What is the significance of Arthur J. Gallagher's acquisition of Ryan Insurance Strategy Consultants?

The acquisition enhances Gallagher's presence in professional lines insurance and leverages Ryan's relationships with financial planning associations.

When was the acquisition of Ryan Insurance Strategy Consultants announced by AJG?

The acquisition was announced on April 25, 2022.

What does Ryan Insurance Strategy Consultants specialize in?

Ryan Insurance Strategy Consultants focuses on assisting financial advisors with life, disability, and long-term care insurance planning.

Who will lead Ryan Insurance Strategy Consultants after the acquisition?

John Ryan and his associates will continue operating under Kevin Garvin's leadership.

What are the potential benefits of the acquisition for AJG's shareholders?

The acquisition may lead to market expansion and increased revenue opportunities through enhanced service offerings.