Arthur J. Gallagher Enhances Services Through Hann Acquisition
Arthur J. Gallagher & Co. Acquires Hann Insurance Brokers
Arthur J. Gallagher & Co. has recently announced a significant acquisition, welcoming Hann Insurance Brokers Pty Ltd into its growing family. This strategic move marks an important step for Gallagher in expanding its reach within the insurance sector.
About Hann Insurance Brokers
Located in Australia, Hann Insurance Brokers specializes in providing property and casualty insurance services, focusing particularly on the transport sector. This aligns seamlessly with Gallagher’s aim to enhance its offerings and cater to a broader client base in the insurance market.
Leadership Transition
Following the acquisition, Rhett Hann and his dedicated team will integrate into Gallagher's Newcastle office. They will work under the leadership of Sarah Lyons, who serves as the head of retail property/casualty brokerage operations for Gallagher. This collaboration is expected to yield new opportunities and strengthen Gallagher's capabilities in the region.
Strategic Benefits
Chairman and CEO J. Patrick Gallagher, Jr., expressed his enthusiasm about this merger. He stated that Hann Insurance Brokers' established client relationships and expertise in the transport niche will significantly bolster Gallagher’s retail brokerage capabilities. This acquisition is poised to enhance the company's service offerings and deepen its market presence in Australia.
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. (NYSE: AJG) is recognized as a prominent global insurance brokerage, risk management, and consulting services firm. Headquartered in Rolling Meadows, Illinois, Gallagher operates in approximately 130 countries. The firm has an extensive network of correspondent brokers and consultants that ensures they can provide tailored solutions to clients’ varying needs.
Contact Information
For Investors
Investors looking for more information can reach out to Ray Iardella, VP of Investor Relations, at 630-285-3661.
For Media Inquiries
Media representatives can contact Paul Day, Communications Manager, at 630-285-5946. Gallagher remains committed to maintaining transparent communications with its stakeholders during this transition.
Frequently Asked Questions
What was the main focus of Hann Insurance Brokers before the acquisition?
Hann Insurance Brokers primarily provided property and casualty insurance services with a strong focus on the transport sector.
Who will lead the Hann Insurance Brokers team post-acquisition?
Rhett Hann and his team will join Gallagher's Newcastle office, working under Sarah Lyons, the head of retail property/casualty brokerage operations.
What does Arthur J. Gallagher aim to achieve with this acquisition?
The acquisition aims to expand Gallagher’s retail brokerage capabilities in Australia, enhancing service delivery and client relationships.
How does this acquisition benefit Gallagher's operations?
By integrating Hann Insurance Brokers, Gallagher will enhance its market presence and leverage Hann's niche expertise in transport insurance.
Where is Arthur J. Gallagher headquartered?
Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois, USA.
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