Global insurance brokerage Arthur J. Gallagher & Co. has acquired Aviation Insurance Australia of Brisbane, Queensland. The financial terms of the transaction weren’t disclosed.
Aviation Insurance Australia was founded in 1993 and offers aircraft insurance, helicopter insurance, aviation liability insurance, and accident insurance and indemnity for pilots to clients across the country. The company’s leader, Ian Tait, and his team will remain with the acquisition, with oversight provided by Paul Harvey, managing director of specialisms for Gallagher in Australia.
“Aviation Insurance Australia is a well-respected broker that enhances our aviation capabilities and offers cross-selling opportunities in Australia,” said J. Patrick Gallagher Jr., chairman, president, and CEO of Gallagher. “I am delighted to welcome Ian and his associates to our growing, global company.”
Headquartered in Rolling Meadows, Illinois, Gallagher operates in more than 130 countries providing insurance, risk management, and consulting services.