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Arthur J. Gallagher & Co buys insurance broker Capitol Benefits Group

IBR Staff Writer Published 06 April 2016

Insurance brokerage and risk management services firm Arthur J. Gallagher & Co has acquired Oklahoma-based Capitol Benefits Group, for an undisclosed sum.

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Established in 1999, Capitol is an employee benefits insurance broker, which offers employee benefits insurance products and consulting services to small and middle-market businesses and individual customers across the central US.

Capitol is also specialized in strategic planning, building tailored benefit programs and other HR/benefit solutions such as wellness plans, compliance support and employee communications.

Under the leadership of Gallagher's South Central employee benefit consulting and brokerage operations head John Neumaier, Capitol's Charles Paine, Diane Paine and their team will continue to operate from their current location.

Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Capitol's team has the expertise, market relationships and quality service that we value in our acquisition partners.

"In addition, their Oklahoma presence and their team-based sales culture will be a terrific complement to our growing employee benefits brokerage and consulting operation."

Last month, Gallagher acquired Connecticut-based Joseph Distel & Co, which is a managing general agent and wholesale insurance broker.

It provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients across the Northeast.


Image: Arthur J. Gallagher & Co has acquired Oklahoma-based Capitol Benefits Group. Photo: courtesy of stockimages / FreeDigitalPhotos.net.