Arthur J. Gallagher announces appointment of Nick Cunningham as ...

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Arthur J. Gallagher announces appointment of Nick Cunningham as Chief Executive of their premium funding business Sydney, 11th March 2016 – Following an extensive recruitment process, Arthur J. Gallagher has announced the appointment of Nick Cunningham to the role of Chief Executive in their Elantis Premium Funding Business. This move follows the recent appointment of former Elantis CE, Jurgen Rammesmayer, as Chief Operating Officer, Arthur J. Gallagher (Australia). Since joining Elantis in August 2014, Nick has supported Jurgen in transforming the premium funding business into a successful commercial operation, providing tailored funding solutions to a diverse client base. Steve Lockwood, Managing Director Australia & New Zealand commented on the appointment, “Nick is in many respects a natural choice for the role given his significant contribution to the business over the past 18 months. Following Jurgen’s recent move into the Australia COO role, Nick slotted effortlessly into an acting CE role in early January. During this time he has continued to grow the business in line with our long term strategy and as such I have no doubt that Nick will continue to take the business from strength to strength in the year ahead.” Mr Lockwood continued, “Against the backdrop of a generally challenged insurance market, our premium funding business has delivered sustainable growth by offering forward thinking, commercial solutions that truly resonate with brokers and their clients. Nick has made a strong contribution to our current market position and is well positioned to provide continuity and focus for the business in the next phase of its growth.” Arthur J. Gallagher believes that premium funding plays an integral role in delivering value to the Australia and New Zealand business community by helping to reduce the immediate cost impact of insurance premiums, in turn freeing up cash flow for investment in other opportunities. Elantis Premium Funding provides cost effective, reliable commercial and domestic premium funding solutions for brokers and their clients. Arthur J. Gallagher is committed to the premium funding market and recognises the value that Elantis provides to the independent broker market in Australia and New Zealand. -ENDS Notes to editors: -

For more information, contact Steve White, Head of Marketing and Communications at Arthur J. Gallagher Australia on 0466 469944.

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Arthur J. Gallagher in Australia and New Zealand is a trans-Tasman insurance broking, risk management, premium funding and offshore market placement business. It is made up of Arthur J. Gallagher Australia (incorporating OAMPS Insurance Brokers), Crombie Lockwood,

Monument Premium Funding, Elantis Premium Funding (formerly Lumley Finance) and the Offshore Market Placements business. -

Gallagher has over 1,600 insurance professionals servicing clients from 60 locations across Australia and New Zealand who are locally focused, nationally resourced and internationally supported by the parent Arthur J. Gallagher & Co.

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Arthur J. Gallagher & Co. (NYSE: AJG), 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 over 140 countries around the world through a network of correspondent brokers and consultants. Please see the attached infographic for more information on the global Gallagher capability.