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Arthur J. Gallagher & Co. on Monday said it has made a leadership transition in its U.S. wholesale brokerage business.
David E. McGurn Jr., chairman of Risk Placement Services Inc., has stepped away from his daily responsibilities, Gallagher said in a statement, taking on the role of special adviser for the company's wholesale and retail operations. Joel D. Cavaness, current Itasca, Illinois-based president of RPS, has taken his place and joined the Gallagher executive management committee, Gallagher said in the statement.
“Dave's strong partnership with Joel over the past two decades ensures solid continuity for RPS," J. Patrick Gallagher Jr., Gallagher's chairman, president and CEO, said in the statement. “Joel is a respected business leader who has spent significant time in the trenches and knows what's needed to support our expanding business interests and relationships. His commitment to business and people development and high professional standards will continue to serve Gallagher's customers and partners well for years to come.”
Arthur J. Gallagher, the international brokerage division of Arthur J. Gallagher & Co. outside of the United States, has acquired Victoria and Vancouver, British Columbia-based retail insurance brokerage Christie-Phoenix (Victoria) Ltd. and its affiliate, Discovery Insurance Services Ltd., the brokerage announced Tuesday.