Business

Gallagher acquires Sound Insurance

Terms of the transaction were not disclosed

Arthur J. Gallagher and Co. has announced the acquisition of the Australia-based Sound Insurance Services.

Terms of the transaction were not disclosed.

Founded in 2011 by Simon Feldman and Morris Alessi, Sound Insurance is a retail property/casualty broker serving small and mid-market corporate clients in the Melbourne Central Business District and Victoria from its primary office in Caulfield and a smaller office in the Docklands.

Feldman, Alessi, Daniel Winkel, Mark O’Sullivan and their associates will continue to operate from their Caulfield location under the direction of Sarah Lyons, head of retail property/ casualty brokerage operations for Gallagher in Australia.

J. Patrick Gallagher, Jr., chairman, president and CEO, said: “Sound Insurance is a well-regarded broker with a strong growth record that will enhance our capabilities in Melbourne, particularly in the small corporate and mid-market segment.

“I am delighted to welcome Simon, Morris, Daniel, Mark and their associates to our growing, global team.”

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