Gallagher acquires McKee Risk Management

Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority, and programs division, Risk Placement Services , acquired Pennsylvania-based McKee Risk Management.

Founded in King of Prussia, McKee Risk Management operates as a program administrator offering underwriting, policy administration, claims coordination, and risk management services. The company focuses on construction, public entity, and property programs.

Following the deal, Clyde McKee III, Clyde McKee IV, and their team will join RPS’s program administration division.

“McKee Risk Management brings a well-established platform and underwriting expertise that complement RPS’s programs offerings.” – J. Patrick Gallagher Jr., chairman and CEO of Gallagher.

Gallagher provides insurance brokerage, risk management, and consulting services across approximately 130 countries.