Brokerage giant acquires Australian insurance firm

Move boosts major brokerage’s presence in North Queensland

Brokerage giant acquires Australian insurance firm

Insurance News

By Mina Martin

Aon has expanded its presence in North Queensland with a new acquisition finalised just last week.

Aon has acquired Mark Kelly Insurance and Financial Services – located in Ayr, Townsville, and Ingham – and will combine it with its existing businesses in Ayr and Townsville, as it seeks to strengthen its position as the leading North Queensland broker.

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Lambros Lambrou, CEO of Aon Risk Solutions in Australia, said Kelly Insurance and Financial Services was chosen for the acquisition because it aligned with the brokerage giant's strategy to expand and enhance its footprint in the region.

“Having operated in this region for more than 50 years, we already have four branches and more than 2,500 clients in Cairns, Townsville, Ayr, and Mackay,” Lambrou said. “We have been looking for the right opportunity to reaffirm our commitment to the North Queensland community, so we’re excited by the potential our strengthened team now presents in this market.”

The combined businesses will see to the delivery of regional expertise, scale, and broking experience suited to the unique needs of North Queensland clients, particularly when it comes to severe weather risk.

“We’re thrilled to be joining Aon’s established operations because of the opportunities this opens for our existing clients. While it’s business as usual for Mark Kelly Insurance and Financial Services’ clients, they’ll also benefit immediately from Aon’s diverse range of market-leading risk products and solutions,” Kelly said.


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