Regional Insurance Brokers reveals merger

Regional Insurance Brokers reveals merger | Insurance Business

Regional Insurance Brokers reveals merger

Regional Insurance Brokers (RIB), one of the largest insurance broking firms in Queensland and a subsidiary of the Steadfast Group, will merge with Joe Vella Insurance Brokers (JVIB) to expand their joint networks and capabilities.

Founded in Mackay in 1981, RIB now has 13 offices throughout Queensland. It has the capability and central backing to continue offering clients the scale and scope they have come to expect.

As part of the merger, the 32-strong JVIB team will join RIB's 150 staff operating across Queensland to drive a combined business to continued success.

RIB chief executive officer Tim Mathieson said the challenging insurance market in North Queensland allows brokers to continue delivering real value to clients across all industries and regions.

“With our understanding of operating a branch network, we look forward to working with JVIB to deliver greater synergies and opportunities for our clients and staff on the ground,” Mathieson said.

JVIB founder and managing director Joe Vella commented: “It's a hugely exciting time for our business to partner with RIB; JVIB's focus has always been centred on putting clients first, and that will remain central to this new partnership.

“Tim and I will work together to drive the business forward as one, streamline operational efficiencies, increase opportunities for our teams, and meet the needs of our clients every time.”