Gallagher swoops for Thompson Insurance

Gallagher swoops for Thompson Insurance | Insurance Business Australia

Construction & Engineering

Gallagher swoops for Thompson Insurance

Deal is its second investment on the Sunshine Coast

Construction & Engineering

By
Roxanne Libatique

Brokerage giant Gallagher has solidified its presence in the Sunshine Coast by acquiring Thompson Insurance.

Thompson Insurance is an expert in construction and commercial property insurance. For nearly 20 years, it has built a strong reputation for consistent and dedicated client service.

The acquisition will see Gallagher and Thompson Insurance join forces to provide businesses in South East Queensland with a more comprehensive offering. The Thompson Insurance team will join Gallagher’s Sunshine Coast office in Birtinya, trading under the Gallagher brand.

Sunshine Coast expansion

Gallagher Australia chief executive Sarah Lyons said the deal with Thompson Insurance is Gallagher’s second investment on the Sunshine Coast, following the acquisition of Ausure Coast & Country last year.

“The Sunshine Coast is a $21.5 billion economy, and its Regional Economic Development Strategy lays out a vision to grow to $33 billion by 2033. Gallagher is determined to play our part in this by supporting businesses to face their future with confidence through the provision of bespoke quality risk and insurance solutions,” Lyons said.

“It is wonderful to welcome Will and his team to Gallagher. They are already well respected in the area, and I know their local knowledge and commitment to clients will set them up for further success within Gallagher. I’m confident their current and future clients will also benefit from Gallagher’s strength and capabilities.”

Gallagher also recently acquired Mavco Insurance Group (Mavco), a firm specialising in construction, health, engineering, mining, and financial services.