Arthur J Gallagher completes acquisitions in US and Australia
Broker Arthur J Gallagher has completed two new acquisitions in Australia and the US respectively.
In Australia, it has acquired CA Insurance Brokers, a mid-market insurance broker specialized in commercial transportation; construction, earthmoving and professional risks.
The broker was founded in 2002 by Andrew Howard. Howard and his associates will relocate to Gallagher's Brisbane office, operating under the direction of Paul Harvey, managing director-specialisms.
In the US, it has acquired Nevada-based CRES Insurance Services. Founded in 1996, CRES designs, markets and services comprehensive errors & omissions insurance and risk management services to real estate firms and professionals across the US, particularly in the Southwest. The CRES team will continue to operate from their current locations in Las Vegas and San Diego under the direction of Kevin Garvin, head of Gallagher's North American Affinity operations.
Commenting on the Australian deal, J. Patrick Gallagher, Jr., chairman, president and CEO, said: "Through this acquisition, CA Insurance Brokers gains access to a range of new markets and client product offerings, while we expand Gallagher's presence and capabilities in the Brisbane market. I am very pleased to welcome Andrew and his associates to our team."
Commenting on the US deal, he added: "CRES's specialized expertise and product offerings to real estate agents complement and expand our strengths in that market. I am very pleased to welcome Steve Sargenti and his associates to our growing global team."
