Insurance brokerage re-brands following acquisition

Insurance brokerage re-brands following acquisition | Insurance Business

Insurance brokerage re-brands following acquisition
OAMPS Insurance Brokers has been rebranded as part of the Arthur J. Gallagher Group following the acquisition of the firm earlier this year.

The brand and legal entity names have been changed to bring OAMPS under the AJG umbrella but the parent company has stressed that there will be no impact on clients moving forward.

Steve Lockwood, Managing Director of Arthur J. Gallagher in Australia and New Zealand, believes the re-brand will pay dividends for the Australian insurance market.

"From an insurance industry perspective, Arthur J. Gallagher now really adds something new to the Australia market. For corporate clients we offer an alternative to the traditional broking incumbents. For experienced staff, we offer a new and compelling employee proposition, for our insurer partners we offer stability, scale and reliability and for our existing clients, we add global access to markets and expertise."

“Over the past few months we have developed our organisational structure and leadership team, and commenced reviewing our propositions to employees, clients, insurers as well as our vendor proposition to brokerage companies looking to sell their business. We are in a good space and starting to see the benefits of the groundwork we've done. To transition to a single brand in just five months is another terrific step forward,” Lockwood continued.

AJG has called the move a “key milestone in the integration of the OAMPS and Gallagher businesses in Australia.”

Andrew Godden, Chief Executive of Gallagher's Australian broking operations, said: "The Arthur J. Gallagher brand now covers nearly 30 branches nationally and comprises around 1000 people servicing over 120,000 clients from small business owners through to multi-national corporates.

“Additionally and importantly for our clients and staff, our expanded Australian operation is supported by the international scale and insurance markets of Arthur J. Gallagher which has representation in over 140 countries and over 20,000 employees.

"For our clients, this means strong industry expertise, local knowledge and tailored local solutions strengthened through international expertise from global insurance specialists in a wide range of industry and risk groups."