The Ausure network has consolidated in South East Queensland. Coastsure Insurance Brokers has acquired Ausure Gold Coast Insurance Brokers. Both companies are based 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 being part of the Ausure network,” Coastsure managing director David Beard said.
According to a media release, Ausure Gold Coast director Richard Bell will assist with the “integration of the portfolio into Coastsure”.
On its website, Coastsure lists a number of industries as its focus, including transport and logistics, manufacturing, construction and property development.
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 almost day one at Ausure, I am confident that my customers will receive the same (or better) service from them,” he said. “They understand my service levels and have made me feel comfortable with the process going forward.”
Bell said the sale 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 this growth to “the ability to offer a broader range of services and depth of insurance experience”.
According to the release, Coastsure, which was established 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 customers with local knowledge and service whilst benefiting from the cost efficiencies of a larger group,” Mr Beard said.
