Gallagher, the esteemed international risk management firm, has disclosed its strategic merger with Prasidium Credit Insurance, a specialist trade credit insurance broker headquartered in Sydney.
J. Patrick Gallagher, Jr., CEO of Gallagher, expressed his confidence in the merger’s potential, stating, “Prasidium’s impressive growth trajectory will significantly bolster our trade credit capabilities in Australia.” Gallagher’s CEO emphasized the strategic significance of this merger in a recent media release, underscoring the company’s commitment to expanding its global footprint.
According to the release, Prasidium Credit Insurance has rapidly ascended to prominence as a national leader in the specialized field of trade credit brokerage. Founded in Sydney in 2015, the firm boasts a team of 17 dedicated professionals.
With the merger now finalized, Prasidium’s online presence has seamlessly transitioned to Gallagher’s platform, affirming the integration of both entities under the Gallagher brand. Effective April 22, 2024, the former Prasidium website now redirects visitors to Gallagher’s digital domain, signifying a unified identity moving forward.
“This strategic merger reinforces Gallagher’s standing as a premier authority in the realm of trade credit insurance,” the release asserted, highlighting the synergies expected to drive enhanced expertise and reputation within the specialized insurance segment.
Gallagher, a subsidiary of Arthur J. Gallagher & Co., underscores its commitment to innovation and expansion within the global insurance and risk management landscape. With operations spanning across more than 30 countries, including Australia, the company remains poised for continued growth and success in the evolving market dynamics.
