US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co (AJG) has acquired Australia-based Strathearn Insurance Group.
Terms of the deal have not been disclosed.
Based in Perth, Strathearn offers commercial insurance and risk management services to mid-market and larger clients with complex insurance needs.
The broker, which also expanded its services to Eastern Australia, has offices in Brisbane, Sydney and Adelaide.
Under the leadership of Gallagher’s Australian insurance brokerage operation head Andrew Godden, Strathearn’s Paul Harvey and his associates will continue to operate from their current locations.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Over the past 24 months, Gallagher has partnered with a number of outstanding acquisitions in Australia that had similar cultures and strategic growth goals.
"With their broad range of insurance broker capabilities particularly in servicing complex risks, Strathearn’s team is another wonderful match for us."
Earlier this month, AJG also acquired New Zealand-based retail insurance broker Reid Manson, which provides commercial, rural, property, and personal lines insurance services to middle-market and individual customers across South and Mid-Canterbury.
With operations in about 140 countries, AJG provides client-service capabilities across the globe through a network of correspondent brokers and consultants.
Image: Strathearn provides commercial insurance and risk management services. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.