Risk and Reward Group acquired by US firm

Risk and Reward Group has been acquired by Arthur J. Gallagher and Co., a US-based insurance brokerage and risk management services firm.

Risk and Reward Group is an employee benefits consultant and insurance broker offering a range of employee benefit design and implementation, risk broking and management, absence and claims management, and human resource consulting.

Managing partner Tim Johnson and his associates will continue to operate from Risk and Reward Group’s London office.

J. Patrick Gallagher, Jr., chairman, president and chief executive of Arthur J. Gallagher and Co., said: “We are particularly excited to have completed the acquisition of Risk and Reward Group, our first employee benefits acquisition in the United Kingdom.

“Their solid culture, similar business model and commitment to delivering the highest professional standards will be a wonderful addition to our employee benefits operations.”