Arthur J. Gallagher & Co. has acquired Regency Group of East Lansing, Michigan.
Regency Group is a wholesale insurance broker and administrator for workers' compensation programs for independent insurance broker clients in Michigan. Regency also provides customized programs and products for the landscaping, hardware and restaurant industries.
Regency's employees, including Timothy Hanna and his team, still operate from the East Lansing under the direction of Joel Cavaness, president of Risk Placement Services Inc., a subsidiary of Arthur J. Gallagher & Co.
"The Regency team is well known for their industry knowledge, trade association relationships and niche expertise. Their strong Michigan presence will be a wonderful complement to our company's expanding geographic footprint," Gallagher Chairman, President and CEO J. Patrick Gallagher Jr. said. "They also have strong carrier relationships which are so important when placing risks for retail clients, and their expertise in workers compensation programs will be an excellent addition to RPS' network. We are extremely pleased to welcome Tim and his associates to our growing RPS family of professionals."
Based in Itasca, Arthur J. Gallagher & Co. has operations in 33 countries.