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Arthur J. Gallagher & Co. Acquires Hann Insurance Brokers Pty Ltd

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Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Hann Insurance Brokers Pty , located in Lambton, New South Wales. Hann Insurance Brokers specializes in property/casualty insurance services for commercial clients across Australia, with particular expertise in the transport sector. The acquisition team will join Gallagher's Newcastle office under Sarah Lyons, who heads retail property/casualty brokerage operations for Gallagher in Australia and Asia. The financial terms of the transaction were not disclosed.

Arthur J. Gallagher & Co. (NYSE:AJG) ha acquisito Hann Insurance Brokers Pty, situata a Lambton, nel Nuovo Galles del Sud. Hann Insurance Brokers è specializzata in servizi di assicurazione per immobili e responsabilità civile per clienti commerciali in tutta Australia, con particolare esperienza nel settore dei trasporti. Il team di acquisizione si unirà all'ufficio di Gallagher a Newcastle, sotto la direzione di Sarah Lyons, che guida le operazioni di intermediazione per beni e responsabilità civile di Gallagher in Australia e Asia. I termini finanziari della transazione non sono stati divulgati.

Arthur J. Gallagher & Co. (NYSE:AJG) ha adquirido Hann Insurance Brokers Pty, ubicada en Lambton, Nueva Gales del Sur. Hann Insurance Brokers se especializa en servicios de seguros de propiedad y responsabilidad civil para clientes comerciales en toda Australia, con una experiencia particular en el sector del transporte. El equipo de adquisición se unirá a la oficina de Gallagher en Newcastle bajo la dirección de Sarah Lyons, quien lidera las operaciones de corretaje de seguros de propiedad y responsabilidad civil de Gallagher en Australia y Asia. Los términos financieros de la transacción no se divulgaron.

Arthur J. Gallagher & Co. (NYSE:AJG)Hann Insurance Brokers Pty를 인수했습니다. 이 회사는 뉴사우스웨일스주 Lambton에 위치하고 있습니다. Hann Insurance Brokers는 호주 전역의 상업 고객을 위한 재산/책임 보험 서비스에 전문화되어 있으며, 특히 운송 분야에서의 전문성을 가지고 있습니다. 인수 팀은 호주 및 아시아의 Gallagher에서 재산/책임 중개 운영을 담당하는 Sarah Lyons의 아래 Gallagher의 Newcastle 사무소에 합류할 것입니다. 거래의 재무 조건은 공개되지 않았습니다.

Arthur J. Gallagher & Co. (NYSE:AJG) a acquis Hann Insurance Brokers Pty, située à Lambton, en Nouvelle-Galles du Sud. Hann Insurance Brokers se spécialise dans les services d'assurance pour les biens et la responsabilité civile pour les clients commerciaux à travers l'Australie, avec une expertise particulière dans le secteur du transport. L'équipe d'acquisition rejoindra le bureau de Gallagher à Newcastle sous la direction de Sarah Lyons, qui dirige les opérations de courtage en assurance pour les biens et la responsabilité civile de Gallagher en Australie et en Asie. Les conditions financières de la transaction n'ont pas été divulguées.

Arthur J. Gallagher & Co. (NYSE:AJG) hat Hann Insurance Brokers Pty übernommen, das in Lambton, New South Wales, ansässig ist. Hann Insurance Brokers ist auf Versicherungsdienstleistungen für Sach- und Haftpflichtversicherungen für Gewerbekunden in ganz Australien spezialisiert, mit besonderen Fachkenntnissen im Transportsektor. Das Übermittlungsteam wird sich unter der Leitung von Sarah Lyons, die die Einzelhandelsversicherungsgeschäfte für Gallagher in Australien und Asien leitet, dem Gallagher-Büro in Newcastle anschließen. Die finanziellen Bedingungen der Transaktion wurden nicht offengelegt.

Positive
  • Expansion of retail brokerage capabilities in Australia
  • Acquisition adds transport sector expertise to service portfolio
  • Strategic enhancement of geographic presence in New South Wales
Negative
  • None.

Insights

This strategic acquisition in Australia strengthens AJG's market position in the transport insurance niche and expands their Asia-Pacific footprint. While financial terms weren't disclosed, the deal aligns with AJG's proven growth strategy of acquiring specialized brokers to enhance their service offerings and geographical reach.

The transport sector focus is particularly valuable given Australia's vast logistics needs and the increasing complexity of transport-related risks. This acquisition provides cross-selling opportunities within AJG's existing client base and access to Hann's established transport industry relationships.

The integration into AJG's Newcastle office suggests operational synergies and cost efficiencies. The retention of key personnel, including Rhett Hann, helps preserve client relationships and specialized expertise, which is important for maintaining revenue streams post-acquisition.

ROLLING MEADOWS, Ill., Dec. 2, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Lambton, New South Wales-based Hann Insurance Brokers Pty Ltd. Terms of the transaction were not disclosed.

Hann Insurance Brokers provides property/casualty insurance services for commercial clients throughout Australia with a focus on transport. Rhett Hann and his team will join Gallagher's Newcastle, New South Wales office under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.

"Hann Insurance Brokers' strong client relationships and transport niche expertise will expand our retail brokerage capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Rhett and his associates 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-hann-insurance-brokers-pty-ltd-302319695.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J. Gallagher (AJG) acquire in December 2024?

Arthur J. Gallagher acquired Hann Insurance Brokers Pty , a Lambton, New South Wales-based insurance broker specializing in transport sector insurance services.

Where will Hann Insurance Brokers' team operate following AJG's acquisition?

The Hann Insurance Brokers team will join Gallagher's Newcastle, New South Wales office, operating under Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.

What is the specialization of Hann Insurance Brokers acquired by AJG?

Hann Insurance Brokers specializes in providing property/casualty insurance services for commercial clients throughout Australia, with a specific focus on the transport sector.

Arthur J. Gallagher & Co.

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