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Gallagher acquires Canberra broker

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Gallagher has acquired Canberra-based Mutual Brokers for an undisclosed sum, further accelerating its presence in the Australian market.

The US broking giant has a significant operation here and in the last several months, it has strategically invested in brokerages to strengthen its offerings. In June last year, it acquired Brisbane brokerage CA Insurance Brokers.

Mutual Brokers is an independent brokerage serving a broad cross-section of commercial and small corporate clients in Canberra and the ACT.

“We are delighted that Mutual Brokers has joined Gallagher,” Gallagher Australia CEO Sarah Lyons told insuranceNEWS.com.au.

“With ten new colleagues joining us, we have a talented team of 23 employees based in Canberra.

“The acquisition has boosted our ability to serve a diverse range of commercial and corporate clients, particularly within the Technology, Hospitality, Property and Construction sectors.”

Owners Lou Pennetta and Adrian Dodd, and their team, will come under the direction of Head of Metro Branches Mark Saunderson and will relocate to join the Gallagher Canberra branch later in the year.