Aviso Group creates Aviso EIA Insurance Brokers through merger of two brokers
Aviso Group, Australian insurance brokerage partnership, has announced the merger of Insurance Aid General Brokers and Eagle Insurance Brokers, two of its largest brokers.
Financial terms of the merger were not disclosed.
The newly merged entity will operate as Aviso EIA Insurance Brokers and will maintain offices across all the major cities from Newcastle to Darwin, said Aviso Group. It will have a staff of more than 80 and will handle placement of more than AUD 80 million in gross written premium for more than 10,000 clients.
Established in 1985, Insurance Aid General Brokers operates mainly in the South East and Central Queensland market. It has more than 40 employees working from offices in Brisbane and the Gold Coast, Townsville, and Rockhampton.
On the other hand, Eagle Insurance Brokers was established in 1997. The Australian insurance broker has offices across Newcastle, Taree, Byron Bay, Kempsey, Coffs Harbour, Port Macquarie, and Darwin.
Aviso EIA Insurance Brokers will be headed by Aviso Group CEO Craig Robson, Andrew Hinz and Shane Risby previously from Insurance Aid.
Eagle Insurance Brokers’ Managing Director David Bailey will be appointed as a Director of the newly created business and will also assume the role of General Manager for the Aviso Group, working closely with Craig Robson to deliver on the strategic goals of the group.
Aviso Group CEO Craig Robson said that the merger of the two brokers was part of the company’s vision to become one of the largest insurance brokers in Australia and an industry leader for service and also advice.
Craig Robson said: “This merger delivers on the Aviso Group promise to deliver the best of both worlds, providing local advice with nationally competitive price and service.”
Aviso EIA Insurance Brokers and Aviso Group are backed by private entrepreneurial investment group Envest, which will take an increased stake in the merged entity and will give financial support to accelerate the development of structure, processes, and also innovation.
Andrew Hinz said: “Insurance Aid has achieved exceptional growth over the past few years and the merger will increase our scale and ability to drive efficiencies for the benefit of our staff and customers.”