Insurance House remains open to growth opportunities for its regional and rural business following the recent acquisition of two New South Wales-based brokerages.
The major brokerage announced that it had acquired Tamworth-based Insurance Hub and Port
Macquarie-based Insurance House 360 (IH360) earlier this month and Jim Karafilis, head of regional & rural at Insurance House, said that the acquisitions were part of a wider growth strategy.
“We are always looking for opportunities to grow where they are complementary to our business model,” Karafilis told Insurance Business. “It is an opportunistic strategy but really, underpinned by having a national capability to service the regional and rural footprint.”
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Insurance House began in regional Victoria in Echuca and Karafilis said that the rural and regional business of the firm remains a key focus. With other brokers and insurers looking to centralise operations away from regional areas and into cities, Karafilis said it was important for the industry to stay connected with regional concerns.
“I think if you are going to be serious about operating in regional and rural centres you need to be there,” Karafilis continued. “You need to be living, operating, committed to the local areas where you are trading.”
He stressed that Insurance House will look to grow its presence in regional and rural Australia over the coming years as it attempts to solidify its place in key regional centres.
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