Arthur J. Gallagher & Co. acquires SeaCoast Underwriters, Inc.
ROLLING PRAIRIES, Ill., October 11, 2021 / PRNewswire / – Arthur J. Gallagher & Co. today announced that its U.S. wholesale, enforcement and program brokerage division, Risk Placement Services, Inc. (RPS), has acquired Lake Mary, Florida-SeaCoast Underwriters, Inc. Terms of the transaction were not disclosed.
Founded in 1996 by RC Chaffin, SeaCoast Underwriters is a wholesale specialist who serves as a General Management Agency (MGA) with enforceable authority, as well as a surplus line broker, for a wide variety of insurers admitted and not. admitted. The company specializes in the risks of commercial damage, flooding and excessive flooding, personal lines and transportation and garage, mainly in Florida and in 13 other states. Shawn chaffin and its associates will continue to operate from their Lake Marie location, edited by Laura Allen, responsible for binding operations in the South East region of RPS.
“SeaCoast Underwriters has a strong team of dedicated underwriters who will bring additional products and programs to RPS retail agent and broker clients,” said J. Patrick Gallagher, Jr., Chairman of the Board, President and CEO of Gallagher. “We are very pleased to welcome Shawn and his associates to our growing global team.”
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and advisory services firm, is headquartered in Rolling Meadows, Illinois. The company is present in 57 countries and offers customer service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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