Honan Insurance coverage Group (Honan), an Australian middleman, has acquired Ardrossan Insurance coverage Brokers (Ardrossan) for an undisclosed sum.
Ardrossan is engaged in servicing nationwide and worldwide corporations and small and medium enterprises (SMEs).
Nick Harvey shaped the acquired enterprise in 2013 after 25 years within the insurance coverage broking and danger consultancy industries.
Ardrossan works throughout industries together with skilled providers, manufacturing, retail, hospitality, finance, property, transport and logistics, development, sport, and leisure.
Honan CEO Andrew Fluitsma mentioned: “Beneath Nick Harvey’s management, Ardrossan has constructed a powerful status within the Australian market, and by becoming a member of forces, we are going to see our platform and infrastructure assist Ardrossan optimise its operations.
“In the end, we need to disrupt the normal dealer mannequin and strategic enterprise partnerships corresponding to this, the place we share an entrepreneurial spirit and take an analogous strategy to shopper service excellence, assist us to innovate the danger trade.”
Beneath the phrases of the settlement, Ardrossan will be a part of Honan and proceed to be led by Harvey and present workers.
Harvey mentioned: “Honan’s acquisition represents an essential and pure step within the progress and evolution of Ardrossan. As we develop sooner or later, the danger and insurance coverage complexities organisations face can even proceed to broaden and we sit up for delivering options to our shoppers primarily based upon our present depth of data plus the extra intensive assets of Honan.
“Entry to Honan’s specialised claims capabilities, analytics, re-insurance and placement groups, employees’ compensation, trade sector specialisations, life and worker profit options, and IT assets will considerably profit our shoppers and workers.”
In December 2022, Honan acquired Rehab Life, a vocational rehabilitation, harm administration, and office danger providers supplier.