Terms of the transaction remain undisclosed. By absorbing Med James, Arthur J. Gallagher aims to sharpen its competitive edge in the regional insurance market. J. Patrick Gallagher, chief executive of the parent firm, noted that the integration of the Kansas-based agency strengthens the capabilities of Risk Placement Services, providing broader access for retail agents relying on their wholesale infrastructure.
Arthur J. Gallagher Expands Wholesale Reach with Med James Acquisition
Overland Park-based Med James is joining the ranks of Arthur J. Gallagher as the insurance giant moves to fortify its wholesale brokerage footprint. The managing general agency will fold into Risk Placement Services, the firm’s specialized division handling binding authority and program business across the United States.
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