Aviso Select to merge with Resilium Insurance Broking
The Envest Group will merge the Aviso Select authorised representative (AR) network with Resilium Insurance Broking.
A dedicated integration team is in place to ensure a smooth transition for the project, which is expected to be completed in January, bringing the networks together under the Resilium banner.
Resilium has 142 ARs and administers more than $600 million in premium, while Aviso Select, which began as a concept in 2019 and officially launched last year, has more than 30 ARs from Darwin to Sydney. The merged group will place about $800 million in gross written premium (GWP) each year.
“We’re excited to be combining the collective scale, knowledge, and expertise of the Aviso Select and Resilium businesses with the aim to create Australia’s preferred AR network,” Envest Head of Broking Craig Robson said.
UK-based Ardonagh Group acquired a major stake in Resilium in 2021. The UK group completed its acquisition of Envest, including the Aviso broking arm and underwriting agencies, earlier this year, with Resilium then coming under the Envest umbrella.
“By leveraging the strengths and resources of Resilium and Aviso Select, we will be able to give ARs the best of both worlds – industry clout with exceptional support,” Aviso Select CEO Andrew Hinz said.
The Envest Group, formerly Ardonagh Australia, now has a combined GWP of $1.7 billion in Australia and provides back of house support and access to a network of complementary business. The group employs more than 700 staff in 45 office locations.
Aviso Select was formerly part of the Aviso Group of brokers, a national cooperative backed by Envest.
Aviso Group will continue as Envest’s owner-driver broker model, Mr Robson says.