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Acquired brokerage hails new owners

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A broker acquired by Gallagher has praised the firm’s approach, saying clients will benefit from additional resources.

As previously reported by insuranceNEWS.com.au, Gallagher’s latest acquisition is Woodridge Insurance Services, founded in 2011 and led by Tony Carmusciano.

Mr Carmusciano told insuranceNEWS.com.au today that an exploration of exit strategies led to a coffee with local Gallagher CEO Sarah Lyons.

“It didn’t take me long to feel exceptionally comfortable with Sarah and Gallagher as an operation, making my decision to work with her very easy,” he said.

“She ticked off all the elements that were important to me, such as providing my staff security of employment and a great work environment.”

The team of four, which now operates under the Gallagher brand, specialises in property, liability, commercial motor and financial lines.

Woodridge is a retail brokerage operating in the small and mid-market corporate space. Prior to last week’s acquisition, it was part of Insurance Advisernet.

“Having started Woodridge in 2011, I am very grateful to Insurance Advisernet for the opportunity and support over the years and have enjoyed my time there immensely,” Mr Carmusciano said.

“The Gallagher approach is very personable and family orientated, something that struck me from the very outset of discussions.

“Gallagher being a large broking house brings other resources that will only enhance the services provided to our clients, such as a placement team and the claims team, to mention but two additional strings to the bow.”