GALLAGHER ACQUIRES BROKER ACE IRM IN AUSTRALIA

US broking group Arthur J Gallagher has acquired Ace IRM Insurance Broking Group, an Australian retail broker that provides general commercial and personal lines to clients across the country. Terms of the deal were not disclosed. Ace IRM specialises in cover for strata management, veterinary services and the commercial, industrial and hotel/hospitality industries. Greg Flower, Ann Flower and their team will continue to operate out of their offices in Beenleigh, Queensland and will report to Sarah Lyons, head of Gallagher’s commercial broking operations in Australia. Gallagher chairman, president and chief executive J Patrick Gallagher said that Ace IRM’s “solid presence in a key growth area south of Brisbane will enable us to further establish our position as a market leader in Queensland.”