Cornerstone buys Toowoomba authorised representative

Cornerstone buys Toowoomba authorised representative

2 December 2022

Cornerstone Risk Group has acquired Toowoomba-based PMA Trilogy Insurance Solutions, as the Resilium-backed business continues to expand its market presence in Queensland.

The investment follows recent purchases including in October of Brisbane-based SureFinity Insurance Brokers and Central Highlands Insurance Services in Emerald, which became part of the business in September.

PMA Trilogy Insurance Solutions, an authorised representative of Resilium Insurance Broking since 2018, services customers throughout regional Queensland and has a strong focus on providing insurances for agricultural, commercial and faith clients.

In the SME market it focuses on business with an annual turnover of under $100 million and it has advised more than 100 Christian congregations across the country, its website says.

“Cornerstone Risk already has a large presence in Queensland’s Western and Darling Downs and this acquisition of PMA Trilogy Insurance Solutions will further cement our footprint in the region,” Director Scott Mitchell said.

“There will be no significant change to the business as a result of this acquisition, other than that the PMA Trilogy Team will join our larger group and gain from our existing connections and relationships we have built in the Toowoomba and Darling Downs region.”

He says the business has been able to offer PMA Trilogy a “flexible M&A approach” with the support and backing of Resilium Partners.

“It means that the PMA team can move effortlessly into our business with no impact on the end customer,” Mr Mitchell said.

Resilium Partners last year acquired a controlling interest in Brisbane-based Cornerstone, which is an AR of Resilium Insurance Broking.