Arthur J. Gallagher & Co., an Itasca, Ill., insurance brokerage, has announced that its subsidiary, Risk Placement Services Inc., bought Continental Special Risks Inc., a Roswell, Ga., wholesale broker and managing general agent.

The price of the deal, which was completed Monday, was not disclosed.

Founded in 1984, Continental Special Risks sells excess and surplus property/casualty coverage, including professional and general liability, commercial package and property, and other specialty insurance products and services for retail insurance agent clients in the Southeast.

Its executives have remained with the company.

Arthur J. Gallagher has offices in 14 countries and does business in more than 100 countries.

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