Global insurance broker, risk management and consulting firm Gallagher has announced the acquisition of two insurance broker firms, expanding its footprint across the South West of England and New Zealand.
With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, leading South West commercial insurance broker Pavey Group Holdings is described by Gallagher’s President and Chief Executive Officer J. Patrick Gallagher, Jr as, “a very well-respected firm with a complementary culture and mix of business.”
Led by Managing Director Graham Brown, and the existing director team, Pavey Group and its 83-strong team of insurance professionals will become part of Gallagher’s Retail branch network, which serves its customers from more than 50 locations around the UK.
Michael Rea, CEO of UK Retail for Gallagher, said, “Pavey Group is a great strategic fit for our UK business, as a long-established, commercially led, growing regional broker with a strong reputation for client service.”
“Bringing Pavey Group into our UK branch network will not only significantly increase our client reach in the South West and add complementary expertise, it will also strengthen our client offering in other key niche sectors.”
“We very much welcome Graham and the team into the Gallagher group and look forward to meeting the needs of South West businesses together.”
Boston Marks Insurance, Gallagher’s second purchase, is an independent re/insurance broker for the aviation sector, and offers retail property/casualty brokerage services to a broad range of government, commercial and private aviation and aerospace clients from offices in Auckland and Papakura in New Zealand; Gold Coast, Queensland and Perth, Western Australia in Australia; and London, England.
Pat McLaughlan and his associates in New Zealand will continue to operate from their current location under the direction of Carl O’Shea, New Zealand CEO.
Damian Hooper and his associates in Australia will continue to operate from their current location under the direction of Paul Harvey, Managing Director of Specialisms.
Phil Stafford and colleagues will join Gallagher’s London office under the direction of Mark Walters, Executive Director, Aviation.
“Boston Marks’ highly specialized offerings significantly expand our international brokerage capabilities in the aviation sector, in particular in the Australian and New Zealand markets,” said Gallagher
“I am very excited to welcome Pat, Damian, Phil and their associates to our growing Gallagher family of professionals.”
Steve Lockwood, Managing Director of Gallagher Australia and New Zealand, added, “Boston Marks is a great fit for Gallagher; they have fantastic people and are a strong global player in the specialist aviation insurance market.”
“Gallagher has a history of growth in the specialist sectors and Boston Marks will contribute meaningful to our global aviation capabilities.”
