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Local News - Local News - May 24, 2012
Big national insurance brokerage buys VEBA
VEBA becomes division of Gallagher company; all employees retained

By Treva Lind
Of the Journal of Business

Arthur J. Gallagher & Co., an Itasca, Ill.-based international insurance brokerage and risk management services firm, has acquired Spokane-based VEBA Service Group LLC, a medical-benefit company.

The terms of the transaction weren't disclosed. Under the new ownership, the regional operation based here will do business as VEBA Service Group, a division of Gallagher Benefit Services Inc.

VEBA Service Group helps employers set up and maintain trusts for health-reimbursem...


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