Brokerage reveals post-acquisition plans

Brokerage reveals post-acquisition plans | Insurance Business

Brokerage reveals post-acquisition plans
Parmia Insurance has revealed its future plans following the acquisition of the company by Arthur J. Gallagher earlier this year.

Queensland-based Parmia was established by Danny Gumm in 2002 and will continue to focus on providing tailored insurance to associations and industry groups following the buy-out.

Gumm said of the future of the brokerage: “Parmia was established to provide tailored insurance and risk management solutions to Australian associations and industry groups so that their members could better protect themselves and their businesses.

“That founding focus will become even stronger as we now have the global strength of Arthur J. Gallagher behind us.”

Parmia is a key sponsor of the Australian Graphic Design Associations (AGDA) upcoming Australian Design Biennale at Hobart’s Museum of Old and New Art and Gumm believes the partnership between Parmia and AGDA is the perfect example fo what the company can achieve.

“We’re very proud of the policies and coverage that we’ve secured for our clients through working with world leading underwriter, Lloyd’s of London.

“In many cases, the price in relation to the value of protection is unrivalled, and AGDA is just prime example of this. So we’re looking forward to being able to now extend that unique service offering out to more industries and associations.

“We pride ourselves on ensuring that each of our clients have their own dedicated account manager that really works with them to assess their risks and to develop a policy that meets their own individual needs.”

“That won’t change. We are not a one size fits all firm and we never will be.”