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Gallagher buys Brisbane brokerage

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Gallagher has acquired Queensland’s CA Insurance Brokers as it broadens its business insurance offering in Australia.

Formerly part of the Steadfast Group, the broker has a “solid reputation” in the market and a demonstrated track record of providing insurance solutions for the regional business community, Gallagher says, specialising in commercial transport, construction, earthmoving and professional risks.

"Through this acquisition, CA Insurance Brokers gains access to a range of new markets and client product offerings, while we expand Gallagher's presence and capabilities in the Brisbane market," Chairman, President and CEO J. Patrick Gallagher said.

Illinois-based Gallagher says it was attracted to the mid-market broker’s “broad and diverse” client portfolio, which spans transport, engineering, aged care, seafood industries and professional services such as landscape gardeners and architects.

The eight-strong CA Insurance team have joined Gallagher’s MD Specialisms Paul Harvey at Gallagher’s Brisbane office, a spokesman told insuranceNEWS.com.au today. This includes current owner and director since 2002 Andrew Howard and account manager Ryan Hunter.

Mr Howard formerly spent seven years at Allianz as business development manager and also three years at Zurich as state manager, personal lines, according to his profile on LinkedIn.

“Increased presence and bench strength in both Brisbane and Queensland enables us to diversify our business insurance offering, which is important at a time when many business owners are navigating through a period of increased complexity and heightened uncertainty,” Mr Harvey said.

The terms of the acquisition were not disclosed but annual revenue at CA Insurance is believed to be around $3 million.

"I am very pleased to welcome Andrew and his associates to our team,” Mr Gallagher said.