Gallagher acquires 60% stake in Caribbean insurance broker RMS

The Caribbean insurance broker provides property/casualty, and employee benefits products and services to private, public, and multinational companies. Arthur J. Gallagher & Co. (Gallagher) has acquired a 60% stake in Risk Management Services (RMS), a Caribbean insurance broker, for an undisclosed price. Risk Management Services is based in Port of Spain, Trinidad and Tobago. It was established in 1978 as a subsidiary of the Neal & Massy Group with an objective to address the insurance and risk management requirements of its assembly, transport, retail, and financial business interests. Since its founding, the company is said to have grown by making various alliances in insurance broking and also in the area of business and risk management consulting.