Arthur J. Gallagher & Co. Acquires Prasidium Credit Insurance

PR Newswire

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

SOURCE Arthur J. Gallagher & Co.