Gallagher has acquired Thompson Insurance, a broker based in Maroochydore, Sunshine Coast.

The US-headquartered broking giant says the investment, its second in the region following the acquisition of Ausure Coast & Country last December, will strengthen its presence there.

“The Sunshine Coast is a $21.5 billion economy and its Regional Economic Development Strategy lays out a vision to grow to $33 billion by 2033,” Gallagher Australia CEO Sarah Lyons said.

“Gallagher is determined to play our part in this by supporting businesses to face their future with confidence through the provision of bespoke quality risk and insurance solutions.”

Established nearly 20 years ago, Thompson Insurance has built a strong reputation for consistent and dedicated client service, says Gallagher.

“Their expertise in construction and commercial property insurance aligns with Gallagher’s established strengths.”

Gallagher says the Thompson Insurance team will be joining their colleagues at the Gallagher Sunshine Coast office in Birtinya, trading under the Gallagher brand.

“It is wonderful to welcome Will Thompson and his team to Gallagher,” Ms Lyons said.

“They are already well respected in the area and I know their local knowledge and commitment to clients will set them up for further success within Gallagher.”

Mr Thompson, whose father founded the brokerage 18 years ago, says the team will be working to drive the growth of the Gallagher-owned business in the region.

“To have global businesses like Gallagher coming into the region is a great asset. We’re really excited,” he told insuranceNEWS.com.au.