Arthur J. Gallagher & Co. has introduced its acquisition of John C. Breckenridge Insurance Solutions, Inc. (JCB).
The phrases of the transaction weren’t disclosed.
Founded in 2016 and based mostly in Sacramento, CA, JCB is a brokerage and plan administration agency that focuses on scholar well being and intercollegiate athletics insurance coverage for greater schooling establishments.
Following the closure of the transaction, John Breckenridge, Lisa Breckenridge and the remainder of the JCB group will stay of their present location beneath the management of Gallagher head of Affinity North America Kevin Garvin, who oversees Gallagher’s retail P&C brokerage operations.
“JCB expands our scholar medical health insurance market experience and product choices on the West Coast,” stated Gallagher chairman, president, and CEO J. Patrick Gallagher, Jr. “I’m excited to welcome John, Lisa and their associates to Gallagher.”
In late December, Gallagher additionally acquired ROC Group in Chicago. An worker communication company based in 1998, ROC Group makes a speciality of human assets and enterprise change options. ROC Group will be a part of Gallagher’s worker advantages consulting and brokerage operations.