Arthur J. Gallagher & Co. (AJG), an insurance brokerage, risk management, and consulting services firm, on Thursday said it acquired Alpha Surety and Insurance Brokerage, LLC for an undisclosed sum.
Founded in 2002, the Little Rock, Ark-based Alpha Surety focuses primarily on selling direct and wholesale commercial surety bonds in key industry sectors, including money transmitters, cryptocurrency, professional employer organizations, debt managers, mortgage, finance lenders, fundraisers, and others.
The team serves clients throughout the U.S., as well as Puerto Rico, and the U.S. Virgin Islands, the Illinois-headquartered Arthur said in a statement.
Alpha Surety is expected to continue to operate from its current location under the direction of Kevin Garvin, head of Gallagher Affinity.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.