Acquired staff to stay in present areas
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, has expanded its attain by buying Acumen Advisors, Inc., an worker advantages firm located in Cedar Rapids.
Based by Andrew Morf (pictured left) and Kirby Moss (pictured proper) in 2010, Acumen has carved a distinct segment in offering worker advantages consulting to small- and medium-sized enterprises throughout Iowa. Based on Acumen’s web site, it consults with over 1,500 companies on their advantages.
Following the acquisition, monetary phrases of which weren’t disclosed, Acumen colleagues will proceed to function out of their current areas. There are stated to be almost 40 folks manning the enterprise whereas greater than 150 licensed advisors are partnered with the agency.
In the meantime, as a part of Gallagher, the Acumen roster will report back to Tom Lannen, who oversees the broking group’s worker advantages consulting operations within the Midwest area.
J. Patrick Gallagher, Jr., chair and chief government of Gallagher, expressed his enthusiasm in regards to the transaction, stating: “Acumen is a extremely regarded agency that can broaden our worker advantages choices within the area. I’m delighted to welcome Andrew, Kirby, and their associates to Gallagher.”
Final month, Gallagher reported $612.7 million in internet earnings for the primary quarter of 2024.
On the time, the corporate’s CEO stated: “Clients are shopping for extra insurance coverage. Our first quarter information is displaying strong buyer enterprise exercise and mid-term coverage endorsements, audits, and cancellations mixed had been once more forward of final 12 months’s ranges. We’re additionally seeing continued labor market energy and additional will increase in new claims arising, additionally pointing to a resilient financial backdrop for our shoppers.
“As I look throughout our enterprise, we stay well-positioned to win new shoppers and retain our current prospects. I consider now we have the most effective staff within the enterprise, with main expertise and experience, stellar service, superior analytics, huge quantities of information, and a large world attain. We’re in an enviable business place, and I’m excited in regards to the the rest of 2024 and past.”
What do you consider this story? Share your ideas within the feedback under.
Associated Tales
Sustain with the most recent information and occasions
Be a part of our mailing checklist, it’s free!
