Insurance and reinsurance broker Arthur J. Gallagher & Co. is to acquire Cobram, Victoria-based Edgar Insurance Brokers, a provider of commercial insurance products and services with a focus on rural and farm, hospitality, transport and trade clients.
According to the announcement, Director Shannon Edgar and his team will remain in their current location under the direction of Sarah Lyons, who is head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.
“Edgar Insurance Brokers is a third-generation family business with a strong culture whose client relationships and expertise will enhance our capabilities in Australia,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am delighted to welcome Shannon and his associates to Gallagher.”
The broker has also recently announced the acquisition of Ireland-based commercial insurance broker Keaney Insurance Brokers Ltd.
In October, Gallagher acquired Meadowbrook Insurance Agency, a Michigan-based retail insurance broker. In the same month, it also announced it had entered into a definitive agreement to acquire Cadence Insurance, Inc., a Baton Rouge, Louisiana-based insurance company and wholly-owned subsidiary of Cadence Bank.
