Gallagher acquires Mutual Insurance Services

Itasca-based Arthur J. Gallagher & Co. said it has acquired Mutual Insurance Services Inc. in Federal Way, Wash.

Terms of the transaction were not disclosed.

Originally founded in 1985, Mutual Insurance Services Inc. is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients primarily in the Northwestern United States.   Connie Divelbiss and her associates will continue to operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

“MIS is a great example of what we look for in an acquisition partner.  Not only do they add to our geographic footprint in the Northwest, but their talented sales culture brings over 25 years of specialty product knowledge which gives them the capability to match hard to place risks with the appropriate markets,” said J. Patrick Gallagher, Jr., president and CEO.  “Their expertise will be a wonderful complement to our expanding wholesale network, and we are extremely pleased to welcome Connie and the MIS team to Risk Placement Services’ family of professionals.”

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, has operations in 16 countries and offers client-service capabilities in more than 100 countries around the world through a network of correspondent brokers and consultants.