AUB Group : Everything you need to know

AUB Group: Everything you need to know

Headquarters address

Level 14, 141 Walker Street, North Sydney, New South Wales 2060, Australia

Year established

Size (employees) 3,000+
Broking businesses 900,000+
Gross written premiums  $4.4 billion
Underwriting expertise Commercial and personal insurance
Key people

Mike Emmett (CEO & managing director), Keith McIvor – managing director NZ & head of group development) Ben Bessell (chief broking officer, Austbrokers), Mark Shanahan (chief financial officer), Angie Zissis (CEO Austbrokers member services and group head of underwriting and placement)

About AUB Group

AUB Group is a broker cluster group founded in 1985, which currently partners with network groups and insurance brokerages across Australia and New Zealand. It looks to foster “mutually beneficial partnerships” with a broad spectrum of industry players, and it also counts a number of insurers, funders and underwriters among its partners.

NZbrokers is currently AUB Group’s key broking network partner in New Zealand, and its other insurance broking partners include BrokerWeb Risk Services, Commercial and Rural Insurance Brokers, Dawson Insurance, Insurance Brokers Alliance and Runacres Insurance.

AUB Group provides its partners with shared services, an operational and technology team and underwriting and risk consulting services, all designed to give its brokers an “operational edge” and free them up to spend more time attending to their clients.

It has partnered with SURA, a group of specialised agencies which underwrite and distribute niche insurance products via 19 agencies, and each of SURA’s underwriters is a specialist in a particular insurance product or sector.

AUB also has a risk services division which is made up of three businesses. This division specialises in loss adjustment, investigations, claims management, legal support and rehabilitation services.

The group’s New Zealand branch was set up in 2015, and is actively partnering with Kiwi businesses which align with its ‘total risk solutions’ strategy.

AUB Group in the news

December 2017: AUB Group announces latest acquisition
February 2018: AUB Group announces 91.5% profit boost
February 2018: AUB Group boasts $150 million ‘fighting fund’ for acquisitions
February 2019: AUB Group talks its latest, biggest acquisition
February 2021: AUB Group releases half-year financials
August 2021: AUB Group announces FY21 numbers
May 2022: AUB Group makes major swoop
August 2022: AUB Group releases FY22 results
September 2022: AUB purchase crosses finish line

Key people

Keith McIvor – Managing Director (New Zealand) & Head of Group Development

McIvor has been a managing director with AUB Group for over six years, having previously spent time as the CEO of OAMPS Insurance brokers. He also spent 18 years at New Zealand brokerage Crombie Lockwood, starting out as a branch director before being appointed executive general manager in 2003. He started out as chief broking officer in Australia with AUB before transitioning to the New Zealand branch as that part of the business developed.

Mike Emmett – CEO and Managing Director

Emmett’s diverse insurance career has taken him across Australia, the UK and South Africa, and he spent time as the Group CEO of travel insurer Cover-More before joining AUB Group. He also held senior roles at QBE Australia, acting as group executive of operations, and at EY, where he led the financial services advisory business.

Mark Shanahan – Chief Financial Officer

Shanahan has over 30 years’ experience in the financial services sector, and previously held CFO and COO roles across Europe, Asia and Australia. He spent 14 years at Macquarie Bank, acting as CFO of the Asia-Pacific region for nine years. He is a chartered accountant qualified in South Africa and Australia, and is a graduate of the Australian Institute of Company Directors.

AUB Group : In the news