Honan Insurance Group and MBS Insurance have created a joint venture, to be called Honan Life Insurance Group.

“The alliance with MBS Insurance gives us the ability to enhance our marketplace and client offering with a more inclusive integrated insurance service,” Honan CEO Damien Honan said. “Honan Life Insurance Group is on a growth journey, and this new alliance will provide a valuable point of difference for us as an organisation.”

Sydney-based MBS was established in 2006 and has grown to become a national life insurance advice specialist.

“Through specialisation, MBS has been very successful in this environment during a long time,” CEO Drew Burden said.

“The joint venture with Honan positions our brand as an industry leader with distinctive strengths.”

Honan Insurance Group has more than 180 employees across offices in Melbourne, Sydney, Brisbane, Perth, New Zealand, Singapore and the US.