Aviso Broking, part of Aviso Group, has acquired japanese Sydney-based Macquarie Insurance coverage Brokers for an undisclosed quantity.
Macquarie Insurance coverage Brokers is a family-run agency which was based in 1997. the enterprise will function beneath the Aviso Broking model.
Aviso Broking CEO Jeff Moule stated: “Macquarie is a good family-owned and operated enterprise that’s dedicated to the customer support expertise.
“I’ve identified Keith personally for over 10 years and I’m trying ahead to welcoming his group as we develop and strengthen our Sydney enterprise.”
The deal comes as Aviso Broking seeks to broaden aggressively. Final month, the agency acquired Tewantin-based brokerage agency, AIS Insurance coverage.
Aviso Broking was launched in April final yr following the merger of Allsafe, Aviso EIA, Aviso All Factors, Wymark and Sutton Insurance coverage Brokers.
The agency at present employs greater than 110 workers at its workplaces in Sydney, Brisbane, Sunshine Coast, Byron Bay, Kempsey, Gold Coast, Port Macquarie, Inverell, Glen Innes and Hunter Valley.
It’s backed by Australia-based insurance coverage distribution agency Envest.
Final yr, Envest bought the underwriting portfolio of insurtech Evari and signed an settlement to license the latter’s tech platform for the present underwriting portfolio in addition to for different insurance coverage merchandise.
It adopted the agency’s acquisition of a controlling stake in All Parks Insurance coverage earlier that yr. All Parks is an underwriting company specialising within the tourism and lodging sector.