Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has recently acquired Health Insurance Consultants Australia (HICA), a highly regarded health insurance consultancy and brokerage firm based in Melbourne. The specific terms of the transaction were not disclosed. HICA has over 30 years of experience serving a variety of clients in Australia, including corporate clients, small and medium-sized businesses, as well as professional groups and associations.
The founder of HICA, Suzanne Still, along with Jethro Still and their team, will continue to operate from their current location under the leadership of Graham Campbell, who heads Gallagher’s employee benefits and HR consulting operations in Australia. This acquisition reflects Gallagher’s commitment to expanding its presence in the Australian market and bolstering its capabilities in the employee benefits and HR consulting sector.
J. Patrick Gallagher Jr., chairman and CEO of Arthur J. Gallagher & Co., expressed his excitement about the acquisition, stating that HICA’s track record of growth will significantly enhance their benefits consulting capabilities in Australia. He warmly welcomed Suzanne, Jethro, and their team to join the expanding global team at Arthur J. Gallagher & Co. As a global insurance brokerage, risk management, and consulting services firm, Arthur J. Gallagher & Co. offers its services in approximately 130 countries through its owned operations and a network of correspondent brokers and consultants.
The addition of HICA’s expertise and experience will further strengthen the firm’s offerings and provide added value to its clients in Australia. The strategic move is in line with Gallagher’s overall growth strategy and underscores its dedication to providing top-notch services to clients around the world.