Aviso EIA, part of the Aviso Group, has acquired Stanthorpe-based insurance broker New England Insurance Brokers (NEIB) as part of its growth strategy.
NEIB, a family-owned business successfully led by Russell and Jeremy Smith, has been operating for over 25 years.
Aviso Group chief executive officer Craig Robson said the acquisition aligns with the goals of Aviso EIA and the broader Aviso Group and Envest to build a national broker network representing regional and metro areas.
“We love investing in regional brokerages. Typically, these businesses have been around for a long time giving great advice and service to a loyal client base, Robson said.
Aviso Group now combines 20 offices nationally, more than 220 employees, 17 principals, and $350 million in gross written premium (GWP).
Shane Risby, the director and head of broking operations at Aviso EIA, said he was thrilled that Russell and Jeremy trusted the company to look after their clients going forward – noting that they would assist with the transition of clients over the coming months.
“We are looking to grow Aviso EIA with businesses that align with the Aviso culture and long-term strategies,” said Risby. “New England Insurance Brokers fit geographically and have a fantastic reputation, which is supported by some niche products and schemes that will contribute to the broader group.”
