Risk Placement Services Buys SeaCoast Underwriters For Undisclosed Sum

Arthur J. Gallagher & Co. (AJG), an insurance brokerage and risk management services provider, on Monday said its U.S. wholesale brokerage, binding authority and programs unit Risk Placement Services, Inc. (RPS), has acquired Florida-based SeaCoast Underwriters, Inc. for an undisclosed sum.

Founded in 1996, SeaCoast Underwriters is a wholesale specialist, which acts as a managing general agency (MGA) with binding authority, as well as a surplus lines broker, for a wide variety of admitted and non-admitted insurers.

The company deals in commercial property and casualty, flood and excess flood, personal lines, and transportation and garage risks.

With the latest acquisition, the Florida-based firm is expected to bring additional products and programs to RPS's retail agent and broker clients.

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