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Austbrokers RIS expands in NSW Central West

Austbrokers RIS doubles team size in Orange with acquisition of  Team Insurance Agencies

Austbrokers RIS, one of Australia’s leading broking businesses has acquired TEAM Insurance Agencies in Orange and Forbes, creating a significant shift in the insurance landscape of NSW’s Central West.

The acquisition is effective from 2nd April, 2013 and the existing Austbrokers RIS business in  Orange has relocated to the TEAM Insurance Agencies offices at 205 Lords Place, Orange.

The move provides a stronger retail presence for Austbrokers RIS. All existing TEAM Insurance Agencies employees have been retained, effectively doubling the current Austbrokers RIS team servicing the area.

“This has been in planning for some time,” says Matt Coleman, Managing Director, Austbrokers RIS. “It’s an important strategic move for us, providing a greater footprint in the  Central West. There are many synergies between the two businesses.”

Mal Irwin, Regional Director of Austbrokers RIS adds, “Austbrokers RIS has enjoyed a strong  local presence since its inception in Dubbo in 1985. Our office in Orange was established in  2002, and this acquisition will see us commit greater resources and expertise to the region offering a broader range of services with greater efficiencies. It’s an exciting time for everyone involved.”

Mark Searles, Managing Director and CEO of Austbrokers Holdings comments, “This marks  Austbrokers ninth acquisition this year and is part of Austbrokers ongoing growth and  acquisition strategy. With a foot print of four branches throughout NSW and now employing  37 staff servicing GWP of over $32M, Austbrokers RIS is an important member of the  Austbrokers Group.

An active member of one of Australia’s premier broking networks, Austbrokers RIS transacts  all classes of general insurance for business and individuals, providing its clients with access
to risk and insurance services from the majority of Australia’s leading insurers.

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