McGriff Insurance Services, LLC, (McGriff) has acquired Alternative Risk Resources (ARR).
McGriff, a subsidiary of Truist Insurance Holdings, is a full-service insurance broker providing risk management solutions across the US.
Founded in 1996, ARR is a Wisconsin-based brokerage specialising in captive insurance.
ARR will fully transition to McGriff over the next six months. The transaction marks the business’ first move into Wisconsin and expands its presence in the captive market.
Commenting on the mandate, Read Davis, CEO of McGriff’s specialty and middle market business, says: "This acquisition complements McGriff’s existing capabilities in the captive insurance arena as we expand our geography in the Midwest region."
