Perth, 2 May, 2023 – Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, today announced the acquisition of Austral Risk Services, one of Western Australia’s most accomplished brokers. Terms of the acquisition were not disclosed.
Founded in 1990, Stirling-based Austral Risk Services has an established footprint in the WA small and medium-sized business (SME) segment and provides risk advice and business insurance solutions for clients in the labour hire, mining services, transport, manufacturing, agribusiness, retail, and professional services sectors. Its Transport Insurance Consultants business supports the small charter vehicle industry, and serves more than half of Perth’s taxi and limousine market. All of Austral Risk Services’ employees have now joined Marsh.
Commenting on the acquisition, Nick Harris, Chief Executive Officer, Pacific, Marsh, said: “The addition of Austral Risk Services signals Marsh’s ambitious growth plans in WA. The firm’s strong client-centric values, which mirror those of Marsh, mean that our combined team will be able to provide even greater support to businesses in WA as they build their resilience to both regional and global challenges.”
Steve Halbert, Managing Director, Austral Risk Services, added: “By joining Marsh, our clients have even more access to world-leading innovative resources and solutions, delivered locally in WA, while our colleagues will benefit in many ways including from new training and development opportunities. I am excited to build on our shared commitment to serving clients, finding innovative solutions to the challenges they face, and delivering on our promises in a complex global risk environment.”