Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance.
Terms of the transaction were not disclosed.
North Sydney-based 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.”
Source: Arthur J. Gallagher & Co.
Was this article valuable?
Here are more articles you may enjoy.
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
