Honan Insurance Group says recently acquired Ardrossan Insurance Brokers will continue to operate under its own name and Nick Harvey, who founded the business in 2013, will stay on to lead it.

Honan announced last week it has bought the Melbourne brokerage for an undisclosed amount. Ardrossan has clients across diverse sectors including professional services, manufacturing, retail, hospitality, finance, property, transport and logistics.

“Under [Mr Harvey’s] leadership, Ardrossan has built a strong reputation in the Australian market, and by joining forces, we’ll see our platform and infrastructure help Ardrossan optimise its operations,” Honan CEO Andrew Fluitsma said.

“Ultimately, we want to disrupt the traditional broker model and strategic business partnerships such as this, where we share an entrepreneurial spirit and take a similar approach to client service excellence, help us to innovate the risk industry.”

Mr Harvey says the acquisition by Honan represents an “important and natural step” in the growth and evolution of Ardrossan.

“As we grow in the future, the risk and insurance complexities organisations face will also continue to broaden and we look forward to delivering solutions to our clients based upon our existing depth of knowledge plus the additional extensive resources of Honan,” he said.

“Access to Honan’s specialised claims capabilities, analytics, re-insurance and placement teams, workers’ compensation, industry sector specialisations, life and employee benefit solutions, and IT resources will significantly benefit our clients and staff.”