Arthur J Gallagher & Co has acquired Brisbane, Queensland-based Aviation Insurance Australia, a specialist retail insurance broker founded in 1993 and serving aviation and aerospace clients throughout the country. Ian Tait and his team will remain in their current location under the direction of Paul Harvey, managing director of specialisms for Gallagher in Australia.

"Aviation Insurance Australia is a well-respected broker that enhances our aviation capabilities and offers cross-selling opportunities in Australia," says chairman, president and CEO J Patrick Gallagher Jr. "I am delighted to welcome Ian and his associates to our growing, global company."

Arthur J Gallagher & Co is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.