Vero buys landlord insurance specialist
New Suncorp subsidiary Vero Insurance has acquired South Australia-based specialist landlord insurance broker Terri Scheer Insurance Brokers.
Vero GM Consumer Products Denise Bofill says the acquisition offers an opportunity to maintain a market-leading presence in this area. Terri Scheer Insurance Brokers will be placed in Vero’s consumer products strategic business unit.
“There are many benefits that come with the acquisition, including the fact that Terri Scheer Insurance Brokers is an established business and has successfully operated as a specialist landlord insurance brokerage for the past 11 years,” Ms Bofill said.
Founder and CEO Terri Scheer was named 2006 Telstra South Australian Business Woman of the Year.
Ms Scheer will remain with the business on a full-time consultancy basis until June next year, and her 57 staff will also stay with the business.
The acquisition will be completed by the end of April.
Vero GM Consumer Products Denise Bofill says the acquisition offers an opportunity to maintain a market-leading presence in this area. Terri Scheer Insurance Brokers will be placed in Vero’s consumer products strategic business unit.
“There are many benefits that come with the acquisition, including the fact that Terri Scheer Insurance Brokers is an established business and has successfully operated as a specialist landlord insurance brokerage for the past 11 years,” Ms Bofill said.
Founder and CEO Terri Scheer was named 2006 Telstra South Australian Business Woman of the Year.
Ms Scheer will remain with the business on a full-time consultancy basis until June next year, and her 57 staff will also stay with the business.
The acquisition will be completed by the end of April.