ROLLING
MEADOWS, Ill., April 22,
2024 /PRNewswire/ -- Arthur J. Gallagher &
Co. today announced the acquisition of Australia-based Prasidium Credit Insurance
(Prasidium). Terms of the transaction were not disclosed.
Prasidium is a specialist trade credit insurance broker serving
clients throughout Australia.
Mark Smith, Stuart Prendergast, Mark
Browning, Paul Daniele and
their team will join Gallagher offices across Australia under the direction of Sarah Lyons, head of retail property/casualty
brokerage operations for Gallagher in Australia and Asia.
"Prasidium has a strong record of growth and will enhance our
trade credit capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am
very pleased to welcome the Prasidium team to our growing, global
company."
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides
these services in approximately 130 countries around the world
through its owned operations and a network of correspondent brokers
and consultants.
Investors: Ray Iardella, VP -
Investor Relations
Media: Paul Day, Communications
Manager
630-285-3661/
ray_iardella@ajg.com
630-285-5946/ paul_day1@ajg.com
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SOURCE Arthur J. Gallagher &
Co.