Gallagher Insurance backs youth wellbeing initiative

Gallagher Insurance backs youth wellbeing initiative | Insurance Business New Zealand

Life & Health

Gallagher Insurance backs youth wellbeing initiative

Program aims to make significant impact on the lives of tamariki in Hawke’s Bay

Life & Health

By
Roxanne Libatique

The Hawke’s Bay Community Fitness Centre Trust (HBCFCT) has partnered with Gallagher Insurance to support the Poipoia te Kākano (PK) Programme, an initiative aimed at promoting physical education and overall wellbeing among children in Hawke’s Bay.

The PK Programme is designed to develop the physical capabilities, social skills, and understanding of Hauora (wellbeing) in young people. It offers students valuable life lessons, such as cooperation and resilience, contributing to their personal growth beyond the classroom.

“We are thrilled to have Gallagher Insurance on board as a supporter of the PK Programme. Their commitment to the community aligns perfectly with our mission to nurture successful and healthy young achievers in Hawke’s Bay. Together, we can make a significant impact on the lives of tamariki in our region,” she said.

Gallagher Insurance, which has been serving communities in New Zealand for over 45 years and has local brokers throughout the country, said the partnership with HBCFCT underscores its commitment to initiatives that benefit local communities and support the wellbeing of New Zealanders.

Trevor Beard, Hawke’s Bay branch director at Gallagher Insurance, expressed enthusiasm for the partnership.

“At Gallagher Insurance, we believe in backing initiatives that make a meaningful difference in our communities. The PK Programme is a fantastic example of how we can contribute to the wellbeing and success of young people in Hawke’s Bay. We are excited to support this programme and see the positive impact it will have on our current and future generations,” he said.

Chairman and CEO J Patrick Gallagher Jr highlighted the company’s growth, with a 14% increase in reported revenue and 7.7% organic revenue growth across its core brokerage and risk management segments. The company also completed 12 mergers during the quarter, bringing in an estimated US$72 million in annualized revenue.

The brokerage giant noted positive trends in daily brokerage revenue and growth in new claims within third-party claims administration business.

The CEO expressed confidence in the company’s trajectory, highlighting robust performance indicators and a robust merger and acquisition pipeline.

“The business is in great shape, and we are in an enviable position. Our net new business is up from prior year, renewal premiums continue to increase, and our M&A pipeline is growing. I am proud of our year-to-date financial performance and remain bullish about 2024 and beyond,” he said.