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  5. Honan Insurance Group Acquires BRIC

M&A Deal Summary

Honan Insurance Group Acquires BRIC

On March 3, 2021, Honan Insurance Group acquired insurance company BRIC

Acquisition Highlights
  • This is Honan Insurance Group’s 1st transaction in the Insurance sector.
  • This is Honan Insurance Group’s 1st transaction in Australia.

M&A Deal Summary
Date 2021-03-03
Target BRIC
Sector Insurance
Buyer(s) Honan Insurance Group
Deal Type Add-on Acquisition

Target

BRIC

Abbotsford, Australia
BRIC is a boutique insurance broker specialising in professional indemnity and construction insurances. BRIC’s professional indemnity expertise extends to a wide range of occupations including but not limited to Engineers, Project Managers, Building Surveyors, Accredited Certifiers and IT Consultants. BRIC was founded in 1996 and is based in Abbotsford, Australia.

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Buyer(S) 1

Buyer

Honan Insurance Group

Melbourne, Australia
Category Company
Founded 1964
Sector Insurance
DESCRIPTION

Honan Insurance Group provides a full range of commercial insurance, risk, and financial solutions to businesses across a wide range of industries, including financial institutions, healthcare, professional services, technology, biotech & life science, logistics, construction, food & beverages, and mining & energy. Honan Insurance Group was founded in 1964 and is based in Melbourne, Australia.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2021 M&A 1 of 1
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