Arthur J Gallagher says third-quarter revenue grew 53.9% to $US1.29 billion ($1.45 billion), partly driven by acquisitions in Australia and New Zealand.

The global broker’s net earnings increased 25.4% to $US93.6 million ($105.92 million).

“We had an excellent quarter on all measures,” CEO Patrick Gallagher said. “Our combined

brokerage and risk management segments posted 38% growth in adjusted revenues, of which 7.1% was total organic growth.”

Revenue in the brokerage and risk management segments was $US968.1 million ($1.09 billion), with risk management up 12% to $US168.3 million ($190.41 million).

Mr Gallagher says integration of large mergers continues as planned and the broker is maintaining its “proven strategy” of smaller “tuck-in” mergers.

There is continued evidence that insurance pricing is rational and carriers do not have an appetite for large rate swings, Mr Gallagher said. “We believe this is a healthy and sustainable environment for our customers, the brokers and the carriers.”

In April Gallagher acquired OAMPS in Australia and Crombie Lockwood in New Zealand, adding $US497 million ($562.13 million) in annualised revenue.

The deals helped the company become the largest broker in New Zealand and enter the top five in Australia.

In June the broker entered into a revolving loan facility that provides $US195 million ($220.55 million) in funding for the new Australian and New Zealand premium finance subsidiaries.