US insurer Arthur J Gallagher, via its Threat Placement Companies (RPS) division, has acquired CCI Surety for an undisclosed sum.
The acquired firm is a Minnesota-based MGU specialising in wholesale contract and industrial surety bonds for retail brokers throughout the US.
Based by Michael Williams and at present led by Jeremy Crawford, CCI Surety will proceed to function from its Golden Valley location.
The CCI Surety staff will work beneath the management of Matt Lynch, the top of RPS’ nationwide binding operations.
Gallagher chairman and CEO J Patrick Gallagher Jr stated: “CCI Surety is a well-established company whose wholesale surety platform expands RPS’ product choices. I’m very happy to welcome Jeremy and his associates to our rising staff.”
In a separate improvement, Gallagher has additionally entered right into a most well-liked companion settlement with ScotPac, an Australia-based, non-bank enterprise lender.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e-mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
useful
determination for your enterprise, so we provide a free pattern that you could obtain by
submitting the beneath kind
By GlobalData
This partnership goals to supply a set of finance and insurance coverage merchandise for small and medium-sized enterprises (SMEs).
These embrace enterprise loans, asset finance, and numerous insurance coverage coverages comparable to public legal responsibility insurance coverage, skilled indemnity insurance coverage and cell plant and tools cowl.
Gallagher’s footprint in Australia spans greater than 30 branches and 1,100 insurance coverage professionals.
Apart from benefitting from the tech-powered platforms utilized by Gallagher, clients of each corporations can be certified for particular charges and flow-through value financial savings.
Gallagher Australia managing director of partnerships and company Andrew Whittle stated: “Partnering with ScotPac is a pure match for our enterprise when it comes to our nationwide SME attain, our distribution fashions and our tech-enabled supply platforms.
“It’s all about offering options that can make operating a enterprise simpler for our SME shoppers. We stay up for working with ScotPac to assist our shoppers make extra knowledgeable choices about their enterprise finance, insurance coverage and danger wants.”
