Board authorizes one‑year Keenan agreement retroactive to January as Gallagher acquisition review continues
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Summary
After updates on Arthur J. Gallagher’s proposed acquisition of Assured Partners/Keenan, the SJVIA board approved a one‑year contract with Keenan retroactive to January 2025 and asked staff to plan an RFP for consultant services in 2025.
The San Joaquin Valley Insurance Authority on May 20 authorized the president to execute a one‑year agreement with Keenan & Associates retroactive to January 2025, while the board also received an update that Arthur J. Gallagher’s acquisition of Assured Partners (Keenan’s parent) remains under regulatory review.
Keenan staff told the board the acquisition was announced in December and originally expected to close by the end of the first quarter, but the Department of Justice requested additional information and the deal is now expected in the second half of 2025. Keenan’s presenter said client service should continue unchanged during and after the transaction.
The board approved a one‑year contract to cover the remainder of 2025 while members and county staff plan next steps. Several board members pressed staff about the procurement timeline for future consultant services: Fresno County staff said they intend to go out to RFP for consultant services for 2026 and would return to the board with a timeline; they indicated a one‑year extension now is intended to allow time to conduct a thorough RFP process.
Why it matters: the contract approval ensures continuing consultant support during the acquisition review and allows time for counties to consider whether to issue a new RFP for broker/consultant services for 2026.
Board action: motion to approve the Keenan agreement was moved by Supervisor Magsig and seconded by Director Vanderpool; the motion passed by voice vote.