International Insurance Brokers

What International Insurance Brokers does

International Insurance Brokers is a small, privately held insurance brokerage firm. Under one source trail, it operates as International Insurance Brokers Pty Ltd, a Brisbane, Australia-based retail brokerage specializing in property coverage for nonprofit organizations. The firm generates revenue primarily through commissions from insurance carriers for placing coverage on behalf of nonprofit clients, addressing the distinct risk profiles and insurance requirements of that segment. Its go-to-market is consultative, direct retail brokerage focused on nonprofit organizations in Queensland.

Under a second source trail, an entity called International Insurance Brokers, Ltd. operates from a US base (iib.com; iibltd.com; firmographics list Tulsa, founded 2003, 11-50 employees) and has become a division of Risk Strategies, with the website redirecting to risk-strategies.com. Both trails point to small, specialist brokerages integrated into larger parent organizations.

The Australian entity was acquired by Arthur J. Gallagher & Co. effective March/April 2026, with the IIB team, led by Justin McPherson and Vince Mason, joining Gallagher's Brisbane office under Alex Lumby's regional leadership. Pricing is commission-based and not publicly disclosed; no proprietary technology platform or product suite beyond the core brokerage service was disclosed.

Name

International Insurance Brokers

Legal name

International Insurance Brokers, Ltd.

Website

https://iibltd.com

Company type

Private

Founded year

2003

Operating status

Acquired

Headcount range

11–50 employees

Short description

International Insurance Brokers is a small retail insurance brokerage specializing in property coverage for nonprofit organizations in Australia, operating on a commission-based model and now integrated into Arthur J. Gallagher's Brisbane office.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

Keywords

• Insurance brokerage services
• Property coverage insurance
• Nonprofit insurance solutions
• Commercial insurance brokerage
• Risk management consulting

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Brokerage Services: Retail insurance brokerage providing property coverage solutions to nonprofit organizations. Revenue generated through commissions from insurance carriers for placing coverage on behalf of clients.

Go-to-market motion1 record

Distribution channels1 record

Core offering

International Insurance Brokers is a retail insurance brokerage that provides commercial, life insurance, and risk management services. The firm specializes in property coverage insurance solutions tailored for nonprofit organizations. Following its acquisition, it operates as a division of Risk Strategies (a subsidiary of Arthur J. Gallagher & Co.).

Product overview

International Insurance Brokers is a single-product retail brokerage offering. The company specializes in property coverage for nonprofit organizations and operates as a division of Risk Strategies (a subsidiary of Arthur J. Gallagher & Co.) following its acquisition. The acquired brokerage team, led by Justin McPherson and Vince Mason, joined Gallagher's Brisbane office under Alex Lumby's leadership.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Coverage Insurance for Nonprofit Organizations

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Arthur J. Gallagher & Co.coreStrategic or Co-development Partner · 30 March 2026Arthur J. Gallagher & Co. acquired International Insurance Brokers Pty Ltd to expand their retail brokerage capabilities in Australia. The acquired team led by Justin McPherson and Vince Mason will join Gallagher's Brisbane office under Alex Lumby's leadership. This acquisition adds niche expertise in property coverage for nonprofit organizations to Gallagher's regional presence.
• Risk StrategiescoreOthersInternational Insurance Brokers, Ltd. (iib.com) is now a division of Risk Strategies, a risk management and insurance firm. The company operates under the Risk Strategies umbrella as a division.

Scale indicators1 record

Recent moves4 records

Expansion highlights2 records

Direct peers

• Honan Insurance Group: Australian retail insurance brokerage with a specialty commercial focus across multiple verticals. Closely comparable as a mid-sized Australian retail broker that places commercial coverage for niche client segments through carrier relationships.
• Coverforce: Australian commercial insurance brokerage focused on SMEs and niche commercial segments. Comparable as a mid-sized Australian retail broker serving specialized commercial client bases through direct brokerage relationships.

Emerging players

• Ansvar Insurance: Australian specialist insurer focused on nonprofit, community, faith-based, and care-sector organizations. Comparable as a specialist serving the same nonprofit vertical, though operating as a carrier rather than a broker.
• Community Broker Network: Australian insurance brokerage network specializing in community, nonprofit, and not-for-profit organizations. Directly comparable as a niche broker serving the same nonprofit vertical with tailored coverage solutions.

Broad incumbents

• Aon Australia: Australian operations of global broker Aon. Comparable as a major commercial insurance and risk management broker competing for the same nonprofit and commercial clients across Australia.
• WTW Australia: Australian arm of Willis Towers Watson, a top-tier global insurance broker. Comparable as a major commercial insurance broker serving Australian corporate and nonprofit clients with broad product capabilities.
• Arthur J. Gallagher & Co. (parent): The global acquirer of International Insurance Brokers and a top-tier worldwide insurance broker. Relevant as the now-parent organization and a benchmark for the scale and capability set the niche brokerage now sits within.
• Howden Australia: Australian operations of Howden, a growing global insurance broker. Comparable as a major international broker with retail brokerage capabilities in Australia and active acquisition strategy of regional brokers.
• Marsh Australia: Australian arm of Marsh McLennan, one of the world's largest insurance brokerages. Comparable as a major commercial insurance broker with deep Australian presence and a far broader product portfolio than International Insurance Brokers.

Regional players

• Unity Insurance Brokers: Western Australia-based independent insurance brokerage. Comparable as a small-to-mid Australian retail broker with a regional concentration and commercial lines focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks1 record

Key highlights5 records

Customer concentration

• Xx.com/iibltd
• Facebookfacebook.com/IIBLtd
• LinkedInlinkedin.com/company/international-insurance-brokers-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Insurance Brokers