One of the US largest broking firms has been bustling behind the scenes to complete the integration of its latest acquisition.
The assimilation of Blue Broking into Arthur J. Gallagher is now complete, with Blue now operating under the Gallagher brand following its acquisition by the US broking giant in December 2014.
Blue Broking was established in 2005, offering general insurance broking services to clients within construction, transport, engineering and mining industries, as well as professional services industries.
Gallagher CEO Andrew Godden notes that the acquisition was particularly favourable due to Blue Insolvency, established in 2009.
“Blue is a fantastic strategic acquisition for us. We are making the most of leveraging the expertise of Richard Smith’s team in Queensland to deliver a greater capability to our clients and affinity partners up north,” Godden says.
“And around the country, our new ‘Insolvency and Turnaround’ team led by Mike Looney has become a strong addition to our market-leading corporate practice lines.”
Keep an eye out for the Jun-Jul issue of Insurance & Risk Professional magazine, featuring an in-depth interview with Godden.