Six private insurance brokers across five states have joined forces to create a national broking group, Aviso Group Pty Ltd.
The Aviso Group combines 11 offices nationally, 133 employees, 12 principals and $133m in GWP. It includes the following Insurance Brokers: Aviso WA (Formerly IC Frith WA), Fitzpatrick & Co (VIC), Eagle (NSW), Acumen (NSW), MacMurray (TAS), Allsafe (QLD).
Said Barry Fitzpatrick, Chairman of Aviso: “Aviso stands for Advice and Vision and with this in mind we are focused intently on quality advice and embracing the best technology has to offer that will benefit our clients and our business processes.
“Aviso will be one of the first brokers with the ability to give its customer the choice of dealing online, through more traditional advice models or a combination of both.
“As a national broking group, Aviso will be in a position not only to combine resources but also make a substantial investment in technology and people. It will have greater access to insurance products, risk management solutions and niche insurance schemes across the country.
“From our initial meetings and discussions it is clear that this is a group of brokers who are committed to nurturing a culture of entrepreneurship and who want to ensure our relevance into the future. “We are excited by the early support we have been given by the wider insurance community as we enter the market as an alternative solution to the larger, established insurance brokers. As Aviso we feel we can now compete with anyone,” concluded Mr Fitzpatrick.
Aviso has joined the Steadfast Broker Network as most of its brokers were already existing members of the cluster group. The formation was led by management, along with private equity firm Envest which holds minority interests in the six businesses.
Greg Mulllins managing director of Envest, said: “Aviso will provide a national and personal alternative to traditional broking groups – essentially offering a local touch with the strength of a national group.
“It was important we struck the right balance between streamlined administrative functions and economies of scale, while maintaining local independence and the close relationships each broker has with its clients.
“To this end, our partners are extremely well established in their local regions with a loyal customer base, dedicated staff and core company values. This deal will enable each partner to provide a greater array of benefits to their customers and Envest’s role will be to help stimulate further growth and value creation across the entire Group.”