Gallagher buys risk, benefits consultant

Arthur J. Gallagher & Co. announced Wednesday that it has bought RIBV Holdings LLC, a risk and benefits management consultant based in Fairlawn, Ohio, which does business as Risk International.

The acquisition was completed through Gallagher’s alternative risk and captive management unit, Artex. Terms were not disclosed.

Risk International, which has about 140 staff, was formed in 1986 as a risk management consultant and expanded via various acquisitions, including buying Bartlett Actuarial Group in 2014 and Albert Risk Management Consultants in 2023.

Its services include risk management oversight, contract review, safety, benefits analysis and actuarial consulting.

Risk International CEO Todd Miller and President Todd Lawrence will report to Jennifer Gallagher, head of Artex’s North American operations, Gallagher said in a statement.