Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services (RPS), has acquired Remco Insurance Agencies.
Terms of the transaction were not disclosed.
Based in Austin, TX, Remco was founded in 1987. It is a retail non-standard auto insurance agency serving clients throughout the state of Texas.
As part of the transaction, Remco Insurance President and CEO Rahim Peerbhai and his associates will remain in their current locations under the leadership of RPS Pronto President Jorge Bárcena, a company statement saying.
“Remco brings us strong market experience and complements our existing presence in Texas,” said Gallagher Chairman and CEO J. Patrick Gallagher, Jr. “I am delighted to welcome the Remco team to our global business.” growing”.
Gallagher kicked off 2023 with the acquisition of John C. Breckenridge Insurance Solutions (JCB). Founded in 2016 and headquartered in Sacramento, CA, JCB is a plan administration and brokerage firm specializing in student health insurance and intercollegiate sports for institutions of higher education.
