Australia: Gallagher Bassett on the lookout for acquisitions
Source: Asia Insurance Review | Nov 2017
Australia M&A
Gallagher Bassett’s Australian operations is looking for further growth through acquisition across Australia and New Zealand, as well as expansion into Asian markets, using Australia as a home base.
Gallagher Bassett (GB) said this as the company celebrates its 20th anniversary in 2017. Mr Russ Parsons, Chairman of GB International said they see even more room for growth in the next 20 years.
Today, GB has offices in Brisbane, Sydney, Melbourne and Adelaide, and has expanded into New Zealand as well, with offices in Auckland, Wellington, Christchurch, Dunedin, Hamilton and Napier.
GB had pioneered the first third-party administrator (TPA) model in Australia in 1997. Headquartered in US, GB had seen a tremendous potential in the Workers’ Compensation market in Australia. “We were encouraged by governmental organisations in Australia who wanted the skills a TPA could bring to the marketplace,” he said. A