ITASCA, Ill., June 22, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Monument, LLC, headquartered in Malvern, Pennsylvania. Terms of the transaction were not disclosed.
Established in 2002, Monument is a program administrator that provides group and large firm self-insured, workers compensation programs for its retail insurance broker clients throughout California. Their primary services include a customized approach to each program with an emphasis on program design, regulatory approval and compliance, administration, specific safety and loss control, and claims management. David G. Bramwell and his team will continue to operate out of their current Malvern and Newport Beach, California locations under the direction of Joel Cavaness, President of Risk Placement Services, Inc., (RPS) a subsidiary of Arthur J. Gallagher & Co.
"The Monument team is well known for their industry expertise and quality client service. With its strong California presence, Monument will also be a wonderful complement to RPS' expanding geographic footprint," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "They have strong carrier relationships that are so important when placing risks for their retail clients, and their expertise in workers compensation programs will be an excellent addition to RPS' network. We are extremely pleased to welcome Dave and his associates to our growing RPS' family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.