Flexibility in the Austbrokers model provides PB Insurance a great succession option
Austbrokers acquires 50% interest in Northlake Holdings Pty Ltd trading as Country Wide Insurance Brokers
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Austbrokers Holdings Ltd
ASX code AUB


Last Price

 

A Perfect Balance of Individual Commitment
and National Performance

“The Austbrokers Network was established in 1985 to give individual General Insurance brokers the opportunity to enjoy the benefits of a larger group, yet still maintain that all important feel of independence.

Austbrokers significant growth has been largely achieved through the acquisition of equity in selected insurance broking and financial services businesses that allows individual brokers to retain a significant interest in their own broking business. This encourages initiative and dedication, allowing the businesses to preserve their local identity and management. This balance allows the individual firms to enjoy all the advantages of being part of a major group (strategic and administrative support and scale benefits), yet still maintain the best business incentive there is - being one's own boss.

With a total turnover of over $1.2 billion in general insurance premiums, and over $200 million in funds under management the Austbrokers Network ranks within the top general insurance broking groups in Australia.

Austbrokers believes its “owner driver” model gives it maximum potential in the financial marketplace of the future.”

Mark Searles
Chief Executive Officer