Sydney-based PSC Insurance Group has achieved its goal of national coverage with the acquisition of WA brokerage McKenna Hampton Insurance Brokers.

The Perth-based broker acquired has a portfolio of commercial and SME clients and has access to Lloyd’s and other overseas insurers.

PSC Insurance Group MD Paul Dwyer says it will be “business as usual” for McKenna Hampton and its clients.

PSC has been on a buying spree since 2009 when it purchased an equity stake in Horsell International.

Since then it has expanded rapidly, with the acquisition of a string of brokers around the nation, including Tartakover, Leonard Brown, Coastwide, Worldwide Sports Insurance, CTM, BM and Blackadder.

McKenna Hampton joint founder Gerry McKenna told insuranceNEWS.com.au generational change is behind the reason for selling. Five of the company’s seven directors each have more than 40 years’ experience in insurance industry.

Director Phil Matthewson says McKenna Hampton went through a due diligence process with prospective suitors “and decided PSC was the best match for our business”.

“We are excited about the potential the increased capabilities of the group, including now being a part of the Steadfast network, will provide for our staff and clients,” Mr Matthewson said.