Arthur J. Gallagher (AJG) has acquired retail insurance broker Tudor Risk Services, located in Woburn Massachusetts.
Founded in 2009, Tudor Risk Services (Tudor) is a retail insurance broker providing property/casualty, risk management services, employee benefits insurance and consulting services.
William Frain and Thomas Porell, the founder and principal at Tudor Risk Services, will remain with the business under the direction of Douglas Brown, head of Gallagher's northeastern retail property/casualty brokerage operations and David Ziegler, head of Gallagher's eastern employee benefit consulting and brokerage operations.
"We continue to find new acquisition partners that have a strong level of industry experience and focus on high-quality client service," said Patrick Gallagher, chairman, president and CEO.
“Tudor's northeastern presence and expertise will be a terrific complement to our property/casualty and employee benefits brokerage operations. We are pleased to welcome Bill, Tom and their associates to our growing Gallagher family of professionals.”
AJG, Tudor Risk Services, Insurance