M&A Deal Summary

AUB Group Acquires BrokerWeb Risk Services

On January 23, 2019, AUB Group acquired insurance company BrokerWeb Risk Services

Acquisition Highlights
  • This is AUB Group’s 14th transaction in the Insurance sector.
  • This is AUB Group’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2019-01-23
Target BrokerWeb Risk Services
Sector Insurance
Buyer(s) AUB Group
Deal Type Add-on Acquisition

Target

BrokerWeb Risk Services

Auckland, New Zealand
BrokerWeb Risk Services are a nationally strong New Zealand owned insurance broking company with seven offices across the country, the Head Office being in Auckland. We compete regularly with the major internationally owned broking companies operating in New Zealand. We act for some of New Zealand’s largest companies and we are highly regarded by local and international insurance markets for ethics, integrity, and compliance.

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Buyer(S) 1

Buyer

AUB Group

Sydney, Australia
Category Company
Founded 1885
Sector Distribution
Employees3,000
Revenue 937M AUD (2024)
DESCRIPTION

AUB Group is an equity-based insurance distribution, specialist underwriting agency, and risk services group. The AUB distribution network comprises 50 brokerages representing over 320,000 clients with $2 billion of GWP and approximately $1.8 billion in funds under management. AUB Group was founded in 1885 and is based in Sydney, Australia.

DEAL STATS #
Overall 15 of 16
Sector (Insurance) 14 of 15
Type (Add-on Acquisition) 10 of 10
Country (New Zealand) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Adroit Insurance & Risk Pty

Geelong, Australia

Adroit Insurance & Risk Pty Ltd. is a risk advice and insurance broking group based in Geelong, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Coverforce

Sydney, Australia

Coverforce is a provider of group income protection insurance for blue collar workers and a general insurance broker focused on the SME market. Coverforce was established in 1994 and is based in Sydney, Autralia.

Buy -
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