Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm based in Rolling Meadows, Illinois, has recently acquired Health Insurance Consultants Australia (HICA) located in Melbourne, Victoria. The terms of the acquisition were not disclosed. HICA is a specialized health insurance consultancy and brokerage firm that has been serving a variety of clients in Australia for over three decades, including corporate clients, small and medium-sized businesses, 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. Gallagher’s chairman and CEO, J. Patrick Gallagher Jr., expressed enthusiasm for the acquisition, citing HICA’s strong growth record and its potential to enhance Gallagher’s benefits consulting capabilities in Australia.
As a global insurance brokerage with operations in approximately 130 countries worldwide through its owned operations and a network of correspondent brokers and consultants, this recent acquisition of HICA is seen as a strategic move to expand Gallagher’s presence and offerings in the Australian market. This move further solidifies their position as a leading provider of insurance and consulting services globally.
