Broker network announces latest acquisition

03/12/2015
AUB Group, the recently renamed parent company behind Austbrokers has announced that its equity partner Altius Group has acquired provider of integrated rehab and disability employment services, the CIM Group. Having acquired 60% of Altius in a deal in January of this year, AUB Group announced the latest move which helps the business strengthen its […]Read More

Austbrokers Holdings renames to AUB Group

30/11/2015

Austbrokers Holdings Limited (ASX:AUB) has changed its group company name to AUB Group Limited. The change was approved at the Austbrokers Holdings Annual General Meeting on Thursday 26 November, and is effective from today, Monday 30 November. AUB Group (formerly Austbrokers Holdings) CEO and Managing Director Mark Searles said “We’ve evolved significantly as a company […]

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Major player Austbrokers reworks CEO deal

26/10/2015
From Insurance Business: Austbrokers has announced the extension of its current CEO Mark Searles’ term from 1 January 2016 for a further three years. Retiring director and chairman Richard Longes said Searles had done an ‘excellent job’ in leading the company through difficult insurance  market conditions while diversifying operations into New Zealand, Risk Services and […]Read More

Mark Searles – Austbrokers CEO talks total risk management

26/10/2015
Surviving and thriving in challenging times Mark Searles, CEO and managing director of Austbrokers, talks income diversification and shares his frustrations at inaccurate media reporting. From Insurance Business magazine, Issue 4.5  If there’s one thing that irritates Mark Searles, it’s journalists who don’t check their facts. In July, an investment analyst authored a piece published […]Read More

Austbrokers celebrates 30 years in insurance

23/10/2015

Austbrokers Holdings Limited (ASX:AUB), along with more than 350 guests marked its 30 year anniversary since being established and 10 years as a listed entity with a celebration at the Ivy Ballroom in Sydney on Tuesday 20 October. 30 years on, Austbrokers has grown from a one partner business and four locations to the international Insurance […]

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Appointment of Director & Announcement of New Chairman

24/09/2015
The Board of Austbrokers Holdings Limited (AUB) is pleased to announce the appointment of Paul Lahiff as a Director effective 1st October 2015. Paul was previously Chief Executive of Mortgage Choice Limited (2003 – 2009) and prior to that an Executive Director of Heritage Bank and Permanent Trustee and held senior roles in Westpac in […]Read More

In profile: Jodie Blackledge, Staying ahead in the risk business

22/09/2015
Jodie Blackledge took over as Chief Financial Officer of Austbrokers in July this year following an extensive career in corporate finance both in Australia and in London, including senior roles with AMP and Bank of America Merrill Lynch. Mostly recently she was CFO of The Trust Company. Growing its market cap to almost $600m since […]Read More

Austbrokers sticks to diversification plan

14/09/2015

“How important is diversification for us? Very,” says Mark Searles, chief executive of Austbrokers. Photo: Jessica Hromas Mark Searles, chief executive of Austbrokers, admits it’s hard not to be affected by the volatile movements in the company’s share price since its profit downgrade in January but has stressed he is sticking to a diversification strategy […]

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Austbrokers gives back at annual get together

11/09/2015

On Sunday 6 September, Austbrokers hosted more than 130 Austbrokers Partners and staff along with insurers and industry partners ahead of the 2015 NIBA Convention in Melbourne. The event, held at the Melbourne Aquarium, offered a great networking opportunity with a stunning backdrop of more than 2,000 fish. Guest speaker Martin Walsh, the Chairman of […]

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Austbrokers Holdings ramps up its broking expertise with the addition of the KJ Risk Group

31/08/2015
Sydney, 31 August 2015: ASX-listed Austbrokers Holdings Limited (ASX:AUB) today announced its new partnership with KJ Risk Group, specialists in corporate insurance, risk advice and alternative risk financing. This acquisition continues Austbrokers Holdings’ disciplined focus in partnering with leading insurance brokers, underwriting agencies and risk services companies additionally adding complementary skill sets to the Group.  […]Read More

Austbrokers Holdings reports tenth year of consecutive growth despite challenging market – non-broking areas and new markets delivering

27/08/2015
Key highlights: 10th consecutive year of underlying profit growth since listing 2.5% increase in Adjusted NPAT to $36.3 million, within middle of guidance range and above consensus 9.4% increase in group revenue to $217.3m Group’s GWP pool grown by over 20% in the year driven by New Zealand and new Austbrokers partners Final fully franked […]Read More

The newspaper analyst: a cautionary tale

10/08/2015
From InsuranceNEWS: “Don’t believe everything you read in the newspapers” is true enough. So is the comment by the British poet Alexander Pope in his Essay on Criticism: “A little knowledge is a dangerous thing.” The opinions of financial analysts usually carry more weight than the articles of business journalists. People invest on the strength […]Read More

NSW 2015 Workers’ Compensation Reform Bill

07/08/2015
This week the NSW Government has announced a $1 billion workers’ compensation reform package designed to increase benefits, create a ‘fairer system’ for injured workers and ensure the system is financially sustainable. Austbrokers Holdings has been directly engaged by WorkCover NSW on these changes and is working to ensure our Broking & Risk Services partners […]Read More

Austbrokers Holdings diversification strategy accelerates with acquisition of equity in Allied Health Australia

05/08/2015
Sydney, 5 August 2015: ASX-listed Austbrokers Holdings Limited (ASX:AUB) today announced its new equity partnership with Allied Health Australia, a leading occupational health and safety rehabilitation service provider. The partnership is further evidence of the progress of Austbrokers’ risk management strategy, which was initiated two years ago. This strategy has already resulted in the generation […]Read More

New CFO takes the reins at Austbrokers

07/07/2015

Jodie Blackledge has formally assumed responsibility for the CFO position at ASX-listed Austbrokers Holdings Limited (ASX:AUB) on 1 July, as Steve Rouvray retires from the role after 10 years in post. Ms Blackledge joined Austbrokers on 1 April to undertake a thorough handover with Mr Rouvray. In addition to Finance, Jodie’s role as CFO will […]

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Ex-Wallaby captain Phil Kearns joins InterRISK

27/04/2015
Former Wallabies captain Phil Kearns will become chief executive of insurance broker InterRISK Australia next month, replacing current boss Dennis Guy as the company combs out growth opportunities including acquisitions. Mr Kearns, formerly chief executive of Centric Wealth before it was sold to Findex last year for $130 million, will take on his new role […]Read More

Andrew Aitken speaks about new NZbrokers role

02/08/2014
After four decades with one employer Andrew Aitken has embarked on a new role with NZBrokers Holdings. While 37 years working for Vero Insurance and its various antecedents is impressive, no one could accuse him of stagnating in one role. “Through that time I started as an insurance cadet then worked through all the various areas […]Read More

AIMS picks experienced broker as GM

25/05/2014
Glenn Schultz, the EGM Wholesale Broking of underwriting agency Quanta, is to be the next GM of major insurance broking group Austbrokers & IBNA Member Services (AIMS). He succeeds Martin McAvenna, who will retire on June 30. The appointment was announced at the AIMS Conference in Barcelona overnight by AIMS Board Chairman and Austbrokers Holdings […]Read More