US company Gallagher has acquired Perth-based Mavco Insurance Group, luring several executives who remained independent after the broking giant bought their previous firm.
Global insurance brokers Marsh and BMS Group have each expanded their WA presence, adding to a string of M&A deals by big players snapping up local operators.
SRG Group will become a top 10 insurance broker in Western Australia after finalising the acquisition of Gibbscorp, as two big global competitors pursue their own merger.
Australia's competition watchdog has raised concerns about the proposed merger of insurance brokers Aon and Willis Towers Watson, which are two of the big three players in the market.
Insurance broker Gallagher has recently completed two bolt-on acquisitions in Perth as the sector readies for a merger of two of the largest global players.
ANNIVERSARY SPECIAL: Professional services firms in most industry sectors in WA have increasingly become aligned with international groups. This article is part of a special series to mark Business News' 25-year anniversary.
Engineering and resources sector executive Simon High has taken a new role as Western Australia area director at international insurance broker Gallagher.
A former Perth-based insurance broker has been permanently banned from the financial services industry by the corporate watchdog for misleading, deceptive and dishonest conduct.
Shares in Mount Gibson Iron have soared on news the iron ore miner received an $86 million property damage insurance payment for the collapse of a seawall at its Koolan Island mine in 2014.
Alan Bishop has spent 40 years building insurance broker EBM into a national player and worked through many business cycles over that time, but arguably none as tough as the current conditions in Western Australia.
Australian Reliance has become the third major insurance broker in Western Australia to change hands in the space of five months, with newly listed company PSC Insurance Group agreeing to buy the Perth-based group.
Strathearn Insurance Brokers has become the second big player in the sector to change hands this year, after US-based Arthur J Gallagher acquired the Perth firm for an estimated $60 million.
Wesfarmers Ltd has cleared the last regulatory hurdle in its takeover bid for insurance group OAMPS Ltd, clearing the way for it to complete the offer once the remaining conditions have been satisfied.
Wesfarmers has made a $700 million cash offer for insurance broker OAMPS Ltd, the industrial company's first major move since Richard Goyder took over as chief executive in July last year.
Insurance broking major The OAMPS Group has purchased specialist Western Australian maritime industry insurance broker, Gault Armstrong Kemble Pty Ltd.
