Insurance

RPS swoops for Louisiana firm

Jan 30, 2024 1 year ago

Deal will enhance its wholesale capabilities in the region

By Ryan Smith

Jan 30, 2024 Share

Arthur J. Gallagher & Co. has announced that Risk Placement Services (RPS), its US wholesale brokerage, binding authority and programs division, has acquired Louisiana-based Forest Insurance Facilities. The terms of the transaction were not disclosed.

Forest Insurance Facilities is a commercial lines wholesale broker and managing general agent. The firm serves clients across Louisiana, Gallagher said.

As part of the acquisition, Wayne Forest Jr., Matt Forest, and their team will remain at their current location in Metairie, La.

They will report to Laura Allen, head of RPS’s Southeast region binding operations.

Read next: Risk Placement Services: Nurturing talent for the “big field”

“Forest Insurance Facilities is a well-regarded business whose surplus lines expertise will enhance our wholesale capabilities in the region,” said J. Patrick Gallagher Jr., chairman and CEO of Arthur J. Gallagher. “I am very pleased to welcome Wayne, Matt and their associates to our growing team.”

Earlier this month, RPS announced the appointment of Kevin Doyle as its chief executive officer. In December, RPS announced the launch of three new products for transportation risk.

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