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Arthur J. Gallagher & Co. Acquires Prasidium Credit Insurance

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Arthur J. Gallagher & Co. acquires Prasidium Credit Insurance, a specialist trade credit insurance broker based in Australia. The terms of the transaction were not disclosed. The acquisition aims to enhance Gallagher's trade credit capabilities in Australia. The Prasidium team, led by Mark Smith, Stuart Prendergast, Mark Browning, and Paul Daniele, will join Gallagher's offices in Australia under the direction of Sarah Lyons, head of retail property/casualty brokerage operations. J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, expressed excitement about the acquisition, highlighting Prasidium's strong growth record. Gallagher, a global insurance brokerage firm operating in 130 countries, is headquartered in Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. ha acquisito Prasidium Credit Insurance, un broker specializzato in assicurazioni sul credito commerciale con sede in Australia. I termini dell'operazione non sono stati divulgati. L'acquisizione mira a potenziare le capacità di Gallagher nel settore del credito commerciale in Australia. Il team di Prasidium, guidato da Mark Smith, Stuart Prendergast, Mark Browning e Paul Daniele, entrerà a far parte degli uffici di Gallagher in Australia sotto la direzione di Sarah Lyons, responsabile delle operazioni di intermediazione assicurativa di proprietà e infortuni al dettaglio. J. Patrick Gallagher, Jr., Presidente e CEO di Gallagher, ha espresso entusiasmo per l'acquisizione, evidenziando l'ottimo record di crescita di Prasidium. Gallagher è una società di brokeraggio assicurativo globale attiva in 130 paesi, con sede principale a Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. ha adquirido Prasidium Credit Insurance, un corredor de seguros especializado en crédito comercial con base en Australia. Los términos de la transacción no fueron revelados. La adquisición tiene como objetivo fortalecer las capacidades de Gallagher en el ámbito del crédito comercial en Australia. El equipo de Prasidium, liderado por Mark Smith, Stuart Prendergast, Mark Browning y Paul Daniele, se unirá a las oficinas de Gallagher en Australia, bajo la dirección de Sarah Lyons, jefa de operaciones de corretaje de seguros de propiedad/contra accidentes al detalle. J. Patrick Gallagher, Jr., presidente y CEO de Gallagher, mostró su entusiasmo por la adquisición, destacando el sólido historial de crecimiento de Prasidium. Gallagher es una firma global de corretaje de seguros que opera en 130 países, con sede central en Rolling Meadows, Illinois.
Arthur J. Gallagher & Co.가 호주에 기반을 둔 특수 무역 신용 보험 브로커인 Prasidium Credit Insurance를 인수했습니다. 거래 조건은 공개되지 않았습니다. 이번 인수는 호주에서 Gallagher의 무역 신용 능력을 강화하기 위한 것입니다. Mark Smith, Stuart Prendergast, Mark Browning, 그리고 Paul Daniele로 구성된 Prasidium 팀은 Sarah Lyons(소매 부동산/사고 중개 운영 책임자)의 지휘 하에 호주의 Gallagher 사무실에 합류할 예정입니다. Gallagher의 회장이자 CEO인 J. Patrick Gallagher Jr.는 인수에 대한 기대감을 표하며, Prasidium의 강력한 성장 실적을 강조했습니다. Gallagher는 미국 일리노이 주 롤링 메도우즈에 본사를 둔 130개국에서 운영되는 글로벌 보험 중개 회사입니다.
Arthur J. Gallagher & Co. a acquis Prasidium Credit Insurance, un courtier spécialisé en assurance crédit commercial basé en Australie. Les termes de la transaction n'ont pas été divulgués. L'acquisition vise à renforcer les capacités de crédit commercial de Gallagher en Australie. L'équipe de Prasidium, dirigée par Mark Smith, Stuart Prendergast, Mark Browning et Paul Daniele, rejoindra les bureaux de Gallagher en Australie sous la direction de Sarah Lyons, responsable des opérations de courtage en assurance de biens et d'accidents de détail. J. Patrick Gallagher, Jr., Président et CEO de Gallagher, a exprimé son enthousiasme pour cette acquisition, mettant en avant le solide bilan de croissance de Prasidium. Gallagher est une entreprise de courtage d'assurance mondiale opérant dans 130 pays, dont le siège est à Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. hat Prasidium Credit Insurance, einen auf Handelskreditversicherungen spezialisierten Makler mit Sitz in Australien, erworben. Die Bedingungen der Transaktion wurden nicht offengelegt. Die Übernahme zielt darauf ab, Gallaghers Handelskreditfähigkeiten in Australien zu verbessern. Das Prasidium-Team, angeführt von Mark Smith, Stuart Prendergast, Mark Browning und Paul Daniele, wird unter der Leitung von Sarah Lyons, Leiterin der Einzelhandelsgrundstück/Haftpflicht-Brokerage-Operationen, in die australischen Büros von Gallagher übergehen. J. Patrick Gallagher, Jr., Vorsitzender und CEO von Gallagher, äußerte sich begeistert über den Kauf und hob das starke Wachstum von Prasidium hervor. Gallagher ist ein weltweit tätiges Versicherungsmaklerunternehmen, das in 130 Ländern aktiv ist und seinen Hauptsitz in Rolling Meadows, Illinois, hat.
Positive
  • Acquisition of Prasidium Credit Insurance to enhance trade credit capabilities in Australia.
  • Prasidium team led by Mark Smith, Stuart Prendergast, Mark Browning, and Paul Daniele to join Gallagher's offices in Australia.
  • J. Patrick Gallagher, Jr., Chairman and CEO, expresses excitement about the acquisition.
  • Gallagher is a global insurance brokerage firm based in Rolling Meadows, Illinois, operating in 130 countries.
Negative
  • None.

Insights

Arthur J. Gallagher & Co.'s acquisition of Prasidium Credit Insurance is a strategic move to strengthen its position in the Australian market. It's essential to examine the potential synergies that may arise from this acquisition. Prasidium's expertise in trade credit insurance could provide Gallagher with a competitive edge in offering comprehensive risk management solutions. For shareholders, this deal could pave the way for enhanced earnings diversification and potentially improved margins due to economies of scale.

However, without disclosed financial terms, it's challenging to ascertain the immediate financial impact. The long-term value will depend on the successful integration of Prasidium into Gallagher's operations. Investors should watch for future earnings calls and financial statements for indicators of the acquisition's performance, such as revenue growth in the Australian division or cost-saving synergies realized.

Trade credit insurance is a niche yet vital component of commercial risk management. Prasidium's acquisition could reflect Gallagher's commitment to investing in this area, possibly in response to an anticipated increase in demand for such services in Australia. As businesses seek protection against defaults in a volatile global economy, Gallagher's bolstered capabilities might appeal to a broader client base.

From a retail investor's perspective, this acquisition represents a growth vector in Gallagher's portfolio that could capture additional market share. One should monitor industry trends for trade credit insurance demand and observe how Gallagher's expanded offerings are received in the marketplace.

ROLLING MEADOWS, Ill., April 22, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Terms of the transaction were not disclosed.

Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Mark Smith, Stuart Prendergast, Mark Browning, Paul Daniele and their team will join Gallagher offices across Australia under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.

"Prasidium has a strong record of growth and will enhance our trade credit capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome the Prasidium team to our growing, global company."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations         Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com                        630-285-5946/ paul_day1@ajg.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-prasidium-credit-insurance-302123425.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What did Arthur J. Gallagher & Co. acquire recently?

Arthur J. Gallagher & Co. recently acquired Prasidium Credit Insurance, a specialist trade credit insurance broker based in Australia.

Who will lead the Prasidium team after the acquisition?

The Prasidium team, including Mark Smith, Stuart Prendergast, Mark Browning, and Paul Daniele, will join Gallagher's offices in Australia under the direction of Sarah Lyons, head of retail property/casualty brokerage operations.

Where is Gallagher headquartered?

Gallagher is headquartered in Rolling Meadows, Illinois.

In how many countries does Gallagher operate?

Gallagher operates in approximately 130 countries worldwide.

What type of firm is Arthur J. Gallagher & Co.?

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm.

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Arthur J. Gallagher & Co.

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