23 June 2015 Insurance

AJG acquires programme administrator

Arthur J Gallagher (AJG) has acquired programme administrator Monument, headquartered in Pennsylvania.

Established in 2002, Monument provides group and large firm self-insured, workers compensation programmes for its retail insurance broker clients throughout California.

David Bramwell and his team will continue to operate out of their current Malvern and Newport Beach, California locations under the direction of Joel Cavaness, president of Risk Placement Services (RPS), a subsidiary of AJG.

J Patrick Gallagher, Jr, chairman, president and chief executive officer, said: “The Monument team is well known for their industry expertise and quality client service. With its strong California presence, Monument will also be a wonderful complement to RPS' expanding geographic footprint.

”They have strong carrier relationships that are so important when placing risks for their retail clients, and their expertise in workers compensation programs will be an excellent addition to RPS' network. We are extremely pleased to welcome Dave and his associates to our growing RPS' family of professionals.”

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