Arthur J. Gallagher & Co. Acquires Prasidium Credit Insurance
Arthur J. Gallagher & Co. Acquires Prasidium Credit Insurance
PR Newswire
ROLLING MEADOWS, Ill., April 22, 2024
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-prasidium-credit-insurance-302123425.html
SOURCE Arthur J. Gallagher & Co.
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?