Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Summit Insurance Group in San Antonio, Texas. Terms of the deal were not released.
Established in 1997, Summit Insurance offers a wide range of employee benefit consultation and brokerage services for their Texas clients. The agency specialize in group medical, dental, life and disability insurance with an emphasis on planning, design, implementation, cost containment and plan administration for group businesses with 50 or more employees.
Buddy Morris, the principal of Summit, and his associates, a total of 22 employees, will continue to operate in their current location under the direction of John Neumaier, south central regional executive vice president of Gallagher's employee benefit consulting and brokerage operations.
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