In corporate news:

Arthur J. Gallagher & Co. today announced the acquisition of Discovery Benefit Solutions, Inc. in San Diego, California. Terms of the transaction were not disclosed. Formed in 2008, Discovery Benefit Solutions, Inc. (DBS) provides employee benefit consultation, management and brokerage services for group and individual clients throughout the western United States. They specialize in self-funded medical, dental and vision programs as well as benefit solutions for the bio-tech, hi-tech, charter school, medical group and manufacturing industries.  Brenda Fagan-Johnson, Michael Lutosky, Michael Pondrom and their associates will continue to operate in their current location under the direction of Norbert Chung, head of Gallagher’s western employee benefit consulting and brokerage operations.

Read the full release here.

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