Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, has acquired Park City-based Real Estate Insurance Solutions (REIS). Terms of the transaction were not disclosed.
Founded in 2004, Real Estate Insurance Solutions offers real estate errors and omissions insurance and cyber liability coverage to commercial and residential real estate agents and brokers, business brokers, appraisers, home inspectors, title insurance agents, mortgage brokers, leasing agents and property managers in 32 states.
Chris Nangle, president of REIS, and his associates will remain in their current location under the direction of Kevin Garvin, head of Gallagher Affinity, a division of Arthur J. Gallagher & Co.
“Real Estate Insurance Solutions brings Gallagher a strong team of real estate E&O (errors and omissions) specialists to further enhance the offerings of our outstanding real estate practice,” said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher. “I am very pleased to welcome Chris Nangle and his associates to Gallagher.”
Gallagher has operations in 57 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.