Gallagher strengthens Australian presence with acquisition

Prasidium’s office will integrate into Gallagher offices across the country.

Arthur J. Gallagher & Co. has acquired Australia-headquartered Prasidium Credit Insurance.

Details of the transaction were not disclosed by either party. 

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Mark Smith, Stuart Prendergast, Mark Browning, Paul Daniele, and their Prasidium team will integrate into Gallagher offices across Australia under the leadership of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.