Gallagher acquires Canberra insurance brokerage

Gallagher, the global risk management firm, has acquired Canberra based Mitchell Insurance Management (MIM), marking the second merger closed by the organisation in recent weeks.

“I’m delighted to welcome our new merger partner MIM. Our merger activity is a great endorsement of what we have to offer, from our culture, ethics and our people to the way we work, our business capabilities and our focus on clients,” said Sarah Lyons, CEO of Gallagher Australia and part of the US headquartered insurance brokerage, Arthur J. Gallagher.

According to the firm’s media release, the Canberra-based insurance brokerage will benefit from the 22-strong Gallagher team already in Canberra. The benefits, said the release, include servicing its clients with a wider access to specialty offerings such as industry expertise, claims advocacy and placement capabilities.

In return, said he release, Gallagher’s capabilities in the ACT within business insurance, liability, industrial special risks and workers compensation will be strengthened with the addition of MIM.

“Brokerages which are committed to building trust with clients and investing in people make ideal merger partners for Gallagher,” said Lyons.

Established in 2016, MIM was founded by husband and wife team Nathan and Cathryn Mitchell. According to the release, together they created a relationship-focused brokerage providing specialities geared around coverage and not a “one size fits all” approach.

Last month, Gallagher acquired Woodridge Insurance Services. Director, Tony Carmusciano and three other colleagues have been integrated in Gallagher’s corporate business in Melbourne.