Arthur J. Gallagher shakes up wholesale unit leadership

The company announced it has made a transition in its US wholesale brokerage business, Risk Placement Services

Insurance News

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Arthur J. Gallagher wholesale broker unit Risk Placement Services announced this week a shakeup in its top leadership.

David E. McGurn Jr. has stepped down from his post as chairman of the group, taking on the role of special adviser for Gallagher’s wholesale and retail operations. He will be succeeded by Joel D. Cavaness, currently president of RPS.

Cavaness has also joined the Gallagher executive management committee.

Cavaness joined RPS in 1986 as a marketing representative, working his way up to area vice president by 1990. In 1997, he was named president and in 2000 he was appointed a corporate vice president of Gallagher.

J. Patrick Gallagher, chairman, president and CEO of the company, expressed confidence in the new leadership lineup for RPS.

“Dave’s strong partnership with Joel over the past two decades ensures solid continuity for RPS,” Gallagher said in a 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.”

Risk Placement Services is one of the nation’s largest managing general agents and fastest-growing property/casualty wholesalers. The company employs more than 1,300 employees in 30 states.

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