Gallagher has bought Insurance Risk Solutions, a Darwin-based insurance brokerage.
The deal aims sees Gallagher build on its presence in Darwin and the Northern Territory. Insurance Risk Solutions will use the Gallagher brand, and its team will move to the Gallagher office in Darwin.
“I'm delighted to welcome the Insurance Risk Solutions team to Gallagher,” said Sarah Lyons, CEO of Gallagher Australia and Asia. “They will have our full support to pursue their careers while continuing to provide local insurance solutions.”
Insurance Risk Solutions has expertise in the rural, pastoral, and horticultural industries, in addition to transport.
“Gallagher has an established specialism in this area, and we are looking forward to showcasing the confidence we can offer clients,” Lyons said. “Our expanded Darwin team is ideally positioned to service all major industry sectors within the Northern Territory.”
The deal with Insurance Risk Solutions follows Gallagher's acquisition of Sunshine Coast-based Thompson Insurance.
“Gallagher has a strong track-record of growth in Australia,” Lyons said. “I'm pleased to say lots of conversations with owners of insurance brokerages have become terrific new merger partnerships.
“They are choosing to become part of the Gallagher growth story, inspired by ethics, opportunity, entrepreneurialism, and the ability to bring greater capabilities and service to [clients].”
Gallagher was named a Top Insurance Employer for Australia and New Zealand in 2023.
The global broking group, which employs more than 43,000 people worldwide and serves clients in more than 130 countries, reported its Q2 results in July, confirming that it completed 15 new mergers during the quarter representing almost $350 million of estimated annualised revenue.
“Overall, I am thrilled with our second quarter performance and excited about our future,” Gallagher chair, president, and chief executive J. Patrick Gallagher, Jr said in a results release at the time.
