By Ameet Sachdev | Two Chicago area insurance brokers have expanded into new markets through acquisitions. Arthur J. Gallagher & Co. of Itasca said Tuesday that it purchased
London-based Risk & Reward, its first acquisition of a
employee-benefits consulting firm in the United Kingdom. Terms of the
transaction were not disclosed.

Chicago-based Hub International Ltd., a Gallagher rival, acquired Risk
Transfer Insurance Alliance LLC, based in Southborough, Mass. RTIA,
which has annual revenues of about $3 million, focuses on healthcare
industry clients. Terms of the deal were not disclosed.