Major insurance broker group reveals merger

Combined entity to have huge footprint over Eastern states

Major insurance broker group reveals merger

Insurance News

By Terry Gangcuangco

Insurance Aid General Brokers (IAGB) and Eagle Insurance Brokers – two of the biggest partners within Aviso Group – have merged to become Aviso EIA Insurance Brokers.

“This merger delivers on the Aviso Group promise to deliver the best of both worlds, providing local advice with nationally competitive price and service,” asserted Aviso Group chief executive Craig Robson, who said the move was part of the group’s vision to be an industry leader.

It was noted that uniting Eagle Insurance and IAGB means newly formed Aviso EIA will have offices in every major city from Newcastle to Darwin, manned by a combined workforce of more than 80 people. With a client base of over 10,000, the firm will be in charge of placement of more than $80 million in gross written premium.

Aviso EIA will be led by Robson, as well as by IAGB managing director Andrew Hinz and IAGB general manager & director Shane Risby. Meanwhile Eagle Insurance MD David Bailey will become not only an Aviso EIA director but also Aviso Group general manager.

“Personally, I can’t wait to get involved more broadly within Aviso Group and assist with the strategy to build one of Australia’s largest insurance brokers” commented Bailey.

Hinz offered his insights as well, saying: “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.”

Established in 1985, IAGB operated predominately in the South East and Central Queensland market, while Eagle Insurance came to life in 1987 and had offices in the likes of Port Macquarie and Byron Bay.

It was also announced that Aviso Group backer Envest, a private entrepreneurial investment group, will be taking an increased ownership in the merged business, financially supporting the development of structure, processes, and innovation at Aviso EIA.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!