Arthur J. Gallagher & Co. Acquires SRS Underwriting Agency PTY
Ltd
ITASCA, Ill., Nov. 20, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today
announced the acquisition of SRS Underwriting Agency PTY Ltd
headquartered in Brisbane,
Australia. Terms of the transaction were not disclosed.
Founded in 1993, SRS Underwriting Agency (SRS) is a managing
general agency which offers a wide variety of insurance products
including liability, construction, prestige home, professional
risks, motor, and accident and health cover for their broker
clients. Going forward, Paul
Lynam will lead Gallagher's underwriting group in
Australia. He and his associates will continue to operate
from their current Brisbane,
Sydney and Melbourne locations under the direction of
John Hasting-Bass, head of
Gallagher's international underwriting operations.
"For two decades, SRS has been successful in developing an
underwriting team which is extremely well-known in the industry for
its market-leading expertise, innovative products and first-class
claims service," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "Their solid
relationship with Lloyd's, geographic presence and client
capabilities will be a strong complement to our growing
international operations in Australia. We're extremely
pleased to welcome Paul and his colleagues to our growing Gallagher
family of professionals."
Arthur J. Gallagher & Co., an
international insurance brokerage and risk management services
firm, is headquartered in Itasca,
Illinois, has operations in 17 countries and offers client
service capabilities in more than 110 countries around the world
through a network of correspondent brokers and
consultants.
CONTACT: Marsha J. Akin
Director – Investor Relations
630-285-3501 or marsha_akin@ajg.com
SOURCE Arthur J. Gallagher &
Co.