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Specialist dealer expands via new acquisition

Specialist dealer expands via new acquisition

London-headquartered BMS, the impartial international specialist insurance coverage and reinsurance dealer, has introduced the purchase of Austbrokers Coast to Coast (C2C), the specialist Australian company, trade, and retail dealer, efficient 17 January. The phrases of the transaction have now not been disclosed.

In keeping with the Gold Coast in Queensland, C2C was once based in 1982 and specialises in delivery, development, hazardous items, and SME retail. This acquisition aligns smartly with BMS’ ongoing enlargement throughout the Australian marketplace.

BMS is obtaining C2C in complete, with group of workers and infrastructure moving into BMS’s present Australian trade. C2C important Dale Hansen, who’s a number one determine within the Nationwide Insurance coverage Agents Affiliation (NIBA), has labored with the trade for greater than 16 years.

Mr Andrew Godden, leader government of BMS’ Australian trade, mentioned: “The purchase of Austbrokers Coast to Coast represents a vital step within the enlargement of BMS in Australia, and this newest acquisition additional complements our place available in the market. C2C is a multi-award-winning trade with an outstanding popularity, notable experience and robust enlargement trajectory and might be a really perfect asset to BMS’ Australian providing.”

In August 2022, BMS finished its first acquisition in Australia when it took over SRG, an insurance coverage broking and claims control company running in Perth and Queensland.

In June 2022, when the SRG deal was once introduced, Mr Godden mentioned, “We’ve got vital enlargement ambitions in Australia and can proceed to enlarge our operations within the quick and medium time period with further other people, groups and companies that deliver experience and shared values.”

BMS has workplaces situated throughout america, Canada, Latin The usa, Australia, Europe and Asia.

Supply Through https://www.asiainsurancereview.com/Information/ViewNewsLetterArticle/identification/83437/Sort/eDaily/Australia-Specialist-broker-expands-through-new-acquisition