HOUSTON’S GALTNEY GROUP ACQUIRED BY GALLAGHER

Arthur J. Gallagher & Co. acquired the privately held property and casualty insurance brokerage firm, The Galtney Group Inc., of Houston. The terms of the transaction were not disclosed. According to the company, The Galtney Group specializes in placing and structuring medical malpractice, professional liability insurance and other insurance coverages for the healthcare sector, including directors’ and officers’ liability, errors and omissions, stop loss for physicians and hospitals involved in managed care contracts, and workers’ compensation. The company also provides litigation and claims settlement and risk management services to the healthcare industry. The organization will operate as Gallagher Healthcare Insurance Services Inc., under the direction of Galtney’s current management.