ITASCA, Ill., Sept. 12, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Parmia Pty Ltd (Parmia), located in Beenleigh, Queensland, Australia. Terms of the transaction were not disclosed.

Established in 2002, Parmia is an insurance broker and risk management services firm that provides retail property/casualty insurance solutions for its professional association and industry group clients in Australia. They specialize in coverages for more than 15 associations including the graphic design, finance, fitness and beauty sectors. Danny Gumm and his associates will continue to operate under the direction of Andrew Godden, head of Gallagher's Australia brokerage business. 

"Parmia is well-known and respected in the industry for its depth of expertise and commitment to outstanding client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "Their team-based culture and strong niche expertise are aligned with ours, and they will be an excellent complement to our Australia operations. We are pleased to welcome Danny and his colleagues to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

SOURCE Arthur J. Gallagher & Co.