Arthur J. Gallagher & Co. Acquires Forest Insurance Facilities

PR Newswire

ROLLING MEADOWS, Ill. , Jan. 29, 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 Metairie, Louisiana -based Forest Insurance Facilities. Terms of the transaction were not disclosed.

Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA) serving clients throughout Louisiana . Wayne Forest, Jr. , Matt Forest and their team will remain in their current location under the direction of Laura Allen , head of RPS's Southeast region binding operations.

"Forest Insurance Facilities is a well-regarded business whose surplus lines expertise will enhance our wholesale capabilities in the region," said J. Patrick Gallagher, Jr. , Chairman and CEO. "I am very pleased to welcome Wayne, Matt and their 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.