Gallagher Re purchases Australian-based insurance brokerage firm

The acquired entity will merge with Gallagher Re’s Darwin office.

Gallagher has purchased Insurance Risk Solutions, an insurance brokerage based in Darwin, Australia.

Led by Brett Hagan and Dwight Shepherd, who have served the Northern Territory (NT) for over 25 years, the brokerage is community-focused, aligning well with Gallagher's values.

"Our expanded Darwin team is ideally positioned to service all major industry sectors within the Northern Territory. The team from Insurance Risk Solutions brings experience in rural, pastoral and horticultural industries along with specialist expertise in transport insurance." Sarah Lyons, Chief Executive Officer, Gallagher Australia and Asia, said.

ALSO READ: InsurTech funding down 34% in Q2: Gallagher Re

This acquisition strengthens Gallagher's presence in Darwin and the NT region.

As part of Gallagher, Insurance Risk Solutions will adopt the Gallagher brand and its team will move to the Darwin office.

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