A subsidiary of Arthur J. Gallagher & Co, Risk Placement Services, Inc. (RPS), acquired Houston, Texas-based RHP General Agency, Inc.
RHP is a licensed managing general agency specializing in residential property insurance for clients throughout Texas.
According to the company, its main focus is to provide insurance to assets that do not qualify for coverage in conventional markets.
Arthur J. Gallagher stated that RHP CEO Greg Vanek and his team will remain in their current location under the direction of Russell Duffey, head of the RPS program administration division.
J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher commented, “RHP is a highly regarded agency that enhances our capabilities in the residential property space and provides strong cross-selling. opportunities.
“I am delighted to welcome Greg and his colleagues to our growing, global team.”
Earlier this month, Arthur J. Gallagher acquired Swiss-based fine art insurance broker, accurART. In March, the company acquired Nashville, Tennessee-based broker, Anderson Benson.