US company Gallagher has acquired Perth-based Mavco Insurance Group, luring several executives who remained independent after the broking giant bought their previous firm.
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.
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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.
Austbrokers Holdings has expanded its insurance underwriting agency business with the purchase of majority shareholdings in Perth-based Lawsons Underwriting Australasia and Melbourne-based Guardian
GLOBAL insurance broker Aon has lost a significant number of its senior management in recent times with some employees jumping ship to join the ranks of key competitors in the insurance broking arena.
Colin Todhunter and John Koeppler have joined Strathearn Insurance Brokers as managers. Both Mr Todhunter and Mr Koeppler will work in the firm's expanding mining and construction division.
