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Insurance Advisernet

AUB resets AIMS mission after IBNA exit

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AUB Group has announced a restructure of AIMS, its former joint venture between Austbrokers and independent broking group IBNA.

The changes follow the decision by IBNA in June to leave the Austbrokers and IBNA Member Services joint venture and join Steadfast.

AUB says that after IBNA departs in September, AIMS GM Glenn Schultz will also leave the joint venture after four years in the role. understands Mr Schultz will take up a new role at Steadfast later this year.

Angie Zissis, who heads up AUB’s Sura underwriting agency business, will become CEO of AIMS and also Group Head of Underwriting and Placement, with continued responsibility for Sura.

AUB will take a 100% stake in AIMS, which will be rebranded “Austbrokers Insurance Member Services”, thus retaining its acronym.

The group says in a statement issued this morning that the redesign expands its scope “to deliver all services required by AUB Group’s broking and underwriting agency partners including product sourcing and capacity placement, partner support services, technology and claims servicing”.

“The decision is aligned to AUB Group’s strategy and growth ambitions to drive increased control, accountability and ownership of key capabilities through the consolidation and expansion of services across the network.”

AUB CEO and MD Mike Emmett says delivering market-leading broker services to the group’s partners “is a key component of the group’s value proposition”.

“These changes will allow our partners to better leverage our scale, footprint, expertise and specialty areas.”

More details in our regular bulletin this afternoon.