Honan acquires Melbourne brokerage 

Report proposes 'self-funding' insurance model for export industries

Honan Insurance Group has acquired Ardrossan Insurance Brokers, a Melbourne-based brokerage with clients across diverse sectors including professional services, manufacturing, retail, hospitality, finance, property, transport and logistics. 

Honan CEO Andrew Fluitsma says the business will continue to operate under the Ardrossan name and Nick Harvey, who founded the brokerage in 2013, will stay on to lead it. 

“Under [Mr Harvey’s] leadership, Ardrossan has built a strong reputation in the Australian market, and by joining forces, we’ll see our platform and infrastructure help Ardrossan optimise its operations,” he said. 

“Ultimately, we want to disrupt the traditional broker model and strategic business partnerships such as this, where we share an entrepreneurial spirit and take a similar approach to client service excellence, help us to innovate the risk industry.” 

Mr Harvey says the acquisition by Honan represents an “important and natural step” in the growth and evolution of Ardrossan. 

“As we grow in the future, the risk and insurance complexities organisations face will also continue to broaden and we look forward to delivering solutions to our clients based upon our existing depth of knowledge plus the additional extensive resources of Honan,” he said. 

“Access to Honan’s specialised claims capabilities, analytics, re-insurance and placement teams, workers’ compensation, industry sector specialisations, life and employee benefit solutions, and IT resources will significantly benefit our clients and staff.” 

See also  Lockton names new US president