Wesfarmers to sell broking and premium funding operations

Wesfarmers has announced its to sell its insurance broking and premium funding operations to subsidiaries of Arthur J. Gallagher & Co. 

Founded in 1927 and listed on the New York Stock Exchange, Gallagher’s is one of the largest risk management and insurance broking companies in the world and has extensive capabilities across a range of industries.  We are excited about the opportunity to leverage the scale and global reach of Gallagher’s for the benefit of our clients.

Our insurance broking and premium funding businesses located in Australia, New Zealand and the UK operate under the brands OAMPS Australia, Crombie Lockwood, OAMPS UK, Lumley Finance and Monument Premium Funding.

We expect the sale to be completed by the end of June this year and in the meantime, your contact and relationship with our business will continue unchanged, and you should expect to continue receiving the same service from us.

We continue to offer the same products and services to our clients/broker partners and we remain committed to providing you with the best possible service. 

We thank you for your understanding and ongoing support.

Wesfarmers press release