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Arthur J. Gallagher unit acquires New York-based provider of business continuity management

Arthur J.Gallagher & Co. unit Arthur J. Gallagher Risk Management Services Inc.acquired Continuum Solutions Ltd., the InsuranceJournal reported March 29.

Continuum Solutions is a New York City-based provider ofbusiness continuity management to help companies manage complex and emergingrisks in certain markets, including energy, chemical, natural resources,infrastructure, retail, health care and financial services, according to thereport.

Robert Perlman, Continuum Solutions managing general partnerand founder, and his team will report to Patrick Kennedy, regional executivevice president of Gallagher's office in New York City, the news publicationsaid.

Terms of the deal were not disclosed, the news outlet noted.