Arthur J. Gallagher & Co. Acquires CCI Surety, Inc.

PR Newswire

ROLLING MEADOWS, Ill. , May 23, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota -based CCI Surety, Inc. Terms of the transaction were not disclosed.

Founded by Michael Williams and led by Jeremy Crawford , CCI Surety is a managing general underwriter (MGU) specializing in wholesale contract and commercial surety bonds for retail agents throughout the United States . Crawford and the CCI Surety team will remain in their current location under the direction of Matt Lynch , head of RPS's national binding operations.

"CCI Surety is a well-established agency whose wholesale surety platform expands RPS's product offerings," said J. Patrick Gallagher, Jr. , Chairman and CEO. "I am very pleased to welcome Jeremy and his associates to our growing team."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois . Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

SOURCE Arthur J. Gallagher & Co.