Arthur J. Gallagher & Co. acquired JP Tech Insurance Services, Inc., a Los Angeles, California-based provider of insurance and risk management coverages and services to life science, technology, financial institution, REIT and hedge fund clients around the world.
The terms of the transaction were not disclosed.
R. Joseph Plascencia and his associates will be relocating to Gallagher’s Glendale, California office under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations.
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.
The company has operations in 34 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.