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Broking giant Oracle has increased its network once again this week after it completed the successful acquisitions of two Victorian broker businesses.
Operations manager Marilyn Chamberlain told Insurance Business that the two firms involved in the acquisition were Professional Insurance Brokers, located in Monbulk, and Platinum Insurance Brokers, which is now a trading name of Oracle Group.
The additions mark the next step in the roll-out of Oracle’s national growth strategy, which has seen the group’s business grow from $12 million to $51 million in just three years.
Speaking about the impressive growth, a representative for the group said the recent success is primarily due to the firm’s focus on relationships.
“A large part of our success is down to our family values with its strong emphasis on relationships and putting people before profits,” they said. “Our belief is that if you take care of your customers, they’ll take care of your business.”
In fact, Oracle Group was actually formed from the merger of two businesses which had been linked for over 25 years and included two family insurance broking businesses from opposite sides of the country – northern NSW and Perth in WA.
“It was the common ethos about serving our business communities, finding their exact needs and getting the best protection that drew us together,” said the spokesperson.
It seems the approach is also proving popular with authorised representatives as more than 40 have joined the Oracle Group community in the past 28 months.
