Arthur J. Gallagher & Co. (NYSE: AJG) announced that it will acquire International Insurance Brokers Pty Ltd, a Brisbane‑based brokerage that specializes in property coverage for non‑profit organizations. The deal expands AJG’s retail brokerage footprint in Australia and adds a team of experienced brokers who will be integrated into the company’s Brisbane office.
The International Insurance Brokers team, led by Justin McPherson and Vince Mason, will report to Alex Lumby, head of retail property/casualty brokerage operations for AJG in Australia. The integration is expected to strengthen AJG’s niche expertise in property coverage for non‑profit entities and enhance service delivery in the Australian market.
The acquisition is part of AJG’s ongoing strategy to grow its global presence through targeted acquisitions. The company has completed several Australian deals in recent months, including the purchase of Asset Partners Private Wealth Pty Ltd in March and earlier acquisitions of Tresidder Insurance Brokers and MACK Insurance Services. By adding International Insurance Brokers, AJG deepens its retail brokerage capabilities and gains specialized knowledge that complements its existing Australian operations.
J. Patrick Gallagher, Jr., Chairman and CEO, said, "International Insurance Brokers brings strong niche expertise and expands our retail brokerage capabilities in Australia." He added, "I am very pleased to welcome Justin, Vince and their associates to Gallagher."
The terms of the transaction were not disclosed, but the acquisition aligns with AJG’s broader M&A activity, which has included 31 deals in 2025 alone. The move underscores the company’s commitment to expanding its global footprint and strengthening its position in key international markets.
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