Gallagher Acquires Chicago-Based Captive Insurance Consultant

Arthur J. Gallagher & Co. has acquired Chicago-based Captive Insurance Company Design and Operations. Terms of the transaction were not disclosed, according to a news report.

Formed in 2002 by Clarity Group, Inc., Captive Insurance Company Design and Operations is a captive consultant focused exclusively on medical and professional liability, with participants throughout the United States. Captive participants are all principally healthcare providers from various areas of the industry, including medical facilities, physicians, and senior care organizations, according to the same news report.

Andrew Becker, currently vice president of insurance operations with Clarity Group, said, "By its nature, captive insurance exists to provide bespoke solutions to meet customer needs. The 'Gallagher Way' of treating clients as partners aligns with how my team and I have always approached our customers, and we are thrilled to join such a reputable organization."

Gallagher revealed that Mr. Becker and his associates will relocate to Gallagher's office in Rolling Meadows, Illinois, under the direction of Patrick Gallagher, head of Gallagher's Midwest retail property-casualty brokerage operations.

"Andrew and his associates bring us a significant depth of captive management expertise in the medical and professional liability and healthcare space, which aligns well with and will strengthen Gallagher's existing expertise in this practice area," said J. Patrick Gallagher, Jr., chairman, president, and CEO. "I am very pleased to welcome them to Gallagher."