Coastsure Insurance Brokers buys Ausure neighbour

Coastsure Insurance Brokers buys Ausure neighbour | Insurance Business Australia

Property

Coastsure Insurance Brokers buys Ausure neighbour

“There were obvious synergies”

The Ausure network has consolidated in South East Queensland. Coastsure Insurance Brokers has acquired Ausure Gold Coast Insurance Brokers. Both firms are located on the Gold Coast.

“Ausure Gold Coast and Coastsure service a similar range of clients and there were obvious synergies with Ausure Gold Coast already part of the Ausure network,” said David Beard (pictured immediately above), Coastsure’s managing director.

A media release said Ausure Gold Coast’s principal, Richard Bell, will assist with the “integration of the portfolio into Coastsure.”

In the release Bell said his confidence in both Beard and Coastsure director Rolf Van Dulst were reasons for the sale to Coastsure.

“Having known Rolf and David from nearly day one at Ausure, I feel confident my clients will receive the same (or better) service from them,” he said. “They understand my service levels and have made me comfortable with the process going forward.”

Bell said the sales process was “straightforward” and “relaxed.” The release said he has plans to buy another business but “a good holiday is on the cards first.”

“Coastsure has already successfully consolidated several local insurance broking businesses,” said Beard.

He attributed “the ability to deliver a broader range of services and depth of insurance experience” to this growth.

The release said Coastsure, that was founded in 2003, is now one of the largest local insurance brokers operating on the Gold Coast.

“Our membership of both the Ausure authorised representative network and the larger Steadfast broker network allows us to provide our clients with local knowledge and service whilst benefiting from the cost effectiveness of a larger group,” said Beard.