US-based insurance brokerage and risk management services firm Arthur J Gallagher (AJG) has acquired Australia-based Parmia for an undisclosed amount.
Parmia, which was founded in 2002, is an insurance broker and risk management services company that offers property/casualty insurance solutions for the professional association and industry group clients in Australia.
The company is specialized in coverages for around 15 associations, including the graphic design, finance, fitness and beauty sectors.
Parmia director Danny Gumm and the firm’s employees will work under the leadership of Gallagher’s Australia brokerage business head Andrew Godden.
Arthur J Gallagher chairman, president and CEO J. Patrick Gallagher, Jr said that Parmia is well-known and respected in the industry for its depth of expertise and commitment to outstanding client service.
"Their team-based culture and strong niche expertise are aligned with ours, and they will be an excellent complement to our Australia operations. We are pleased to welcome Danny and his colleagues to our growing Gallagher family of professionals," added Gallagher, Jr.
Last week, Arthur has purchased Connecticut-based Everett James, which offers employee benefits consulting and brokerage services primarily for their large and middle-market clients in the Northeast.
Operating in around 30 countries, Arthur J Gallagher offers client service capabilities in about 140 countries globally, leveraging a network of correspondent brokers and consultants.
Image: Arthur J Gallagher & Co corporate headquarters in Itasca, Illinois. Photo: courtesy of Arthur J. Gallagher & Co. 1999 -2014.