ROLLING MEADOWS, Ill. — Arthur J. Gallagher & Co. today announced the acquisition of Chicago-based Tave Risk Management, LLC. Terms of the transaction were not disclosed.
Founded in 2000, Tave Risk Management, LLC is a retail property/casualty broker and risk advisory firm offering a full range of risk placement, loss forecasting, risk management cost allocation and risk financing services to large and mid-sized clients across a range of industries, including manufacturing, construction, financial services, nonprofits, museums and universities, as well as high-net-worth private clients. Ruth Tave and her associates will remain in their current location under the direction of Ryan Isaacs, head of Gallagher’s Midwest region retail property/casualty brokerage operations.
“Tave Risk Management brings us a highly specialized team with deep expertise in managing complex, high-profile risks,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am delighted to welcome Ruth and her associates to our growing, global company.”
Source: Arthur J. Gallagher & Co.
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”
