Australia's first third-party administrator (TPA) looks forward to further growth in the next 20 years as it celebrates its 20th anniversary this 2017.
Global claims services provider Gallagher Bassett (GB) pioneered the TPA model in Australia in 1997 after it saw a “tremendous potential in the workers' compensation market” in the country, GB International chairman Russ Parsons said.
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“We were encouraged by governmental organisations in Australia who wanted the skills a TPA could bring to the marketplace,” he said.
Today, GB has offices in Brisbane, Sydney, Melbourne, and Adelaide in Australia, as well as in Auckland, Wellington, Christchurch, Dunedin, Hamilton, and Napier in New Zealand.
In a statement, GB said “there are a lot of exciting opportunities” in the next 20 years for the company, as it seeks further growth through acquisitions across Australia and New Zealand, as well as into the Asian market with Australia as its home base.
“I think it’s safe to say that we wouldn’t have achieved half of what we have over the last 20 years if it wasn’t for the hard work of the talented individuals at GB,” said John McNamara, managing director for GB Australia. “I truly believe our people are our strength, and I take great pride in leading this fantastic team.”
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