American insurance brokerage firm Arthur J. Gallagher & Co has acquired Victoria-based workplace risk consultant P2 Group, as part of its strategy to further boost its presence in the Australian market.
P2 Group, set up in 2003, enables employers to proactively manage occupational health and decrease the risk of worker injuries and WorkCover claims.
The company adopts preventative practice aimed at recognising and correcting potential problems before they result in an injury or claim.
Once the transaction is closed, Jim Kydas, Paul Marsh and their associates will continue to operate from their current location under the direction of Vivienne Toll, head of Gallagher Australia’s specialty Workplace Risk Practice.
Arthur J. Gallagher & Co chairman, president and CEO J. Patrick Gallagher, Jr., said: “P2 Group is a highly specialized consulting firm that expands our retail brokerage division’s Workplace Risk Practice’s footprint and services into the Victorian market and offers us additional cross-selling opportunities.”
Recently, Arthur J. Gallagher & Co acquired another Australian insurer ‘The Protectors Insurance Brokers and Regent Insurance Brokers’, to better serve its clients in Greater Western Sydney.
Additionally, the company concluded the previously announced takeover of the global aerospace operations of Jardine Lloyd Thompson Group (JLT).