Arthur J. Gallagher & Co. has announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. The terms of the deal were not disclosed.
Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA) serving clients in Louisiana. And 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.
Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm that is headquartered in Rolling Meadows, Illinois. And Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
KEY QUOTE:
“Forest Insurance Facilities is a well-regarded business whose surplus lines expertise will enhance our wholesale capabilities in the region. I am very pleased to welcome Wayne, Matt and their associates to our growing team.”
– J. Patrick Gallagher, Jr., Chairman and CEO
