Aviso Broking, a part of Aviso Group, has acquired eastern Sydney-based Macquarie Insurance Brokers for an undisclosed amount.
Macquarie Insurance Brokers is a family-run firm which was founded in 1997. the business will operate under the Aviso Broking brand.
Aviso Broking CEO Jeff Moule said: “Macquarie is a great family-owned and operated business that is committed to the customer service experience.
“I have known Keith personally for over 10 years and I am looking forward to welcoming his team as we grow and strengthen our Sydney business.”
The deal comes as Aviso Broking seeks to expand aggressively. Last month, the firm acquired Tewantin-based brokerage firm, AIS Insurance.
Aviso Broking was launched in April last year following the merger of Allsafe, Aviso EIA, Aviso All Points, Wymark and Sutton Insurance Brokers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The firm currently employs more than 110 staff at its offices in Sydney, Brisbane, Sunshine Coast, Byron Bay, Kempsey, Gold Coast, Port Macquarie, Inverell, Glen Innes and Hunter Valley.
It is backed by Australia-based insurance distribution firm Envest.
Last year, Envest purchased the underwriting portfolio of insurtech Evari and signed an agreement to license the latter’s tech platform for the existing underwriting portfolio as well as for other insurance products.