Honan Insurance Group has acquired Melbourne-based transportation and logistics broker ATIA Insurance Services (ATIA) as it continues its expansion in the Australian market.

Honan says the move comes as a “natural addition” to its current business, with ATIA specialising in offering risk advisory services relating to financial, political and general insurance areas for the transport and logistics industry.

Honan CEO Andrew Fluitsma says the group has “admired ATIA for a long time,” and that its expertise will be highly valued given the unique challenges of its specialised industries.

“Transport and Logistics is a $100 billion industry in Australia and comes with its own unique set of risks and insurance needs exacerbated by recent supply chain challenges spurred by the pandemic, rising global inflation and the conflict in Ukraine,” Mr Fluitsma said.

“Bringing ATIA into the Honan Group will allow our clients to tap their unique expertise and networks developed over the last four decades, particularly in the transport and logistics space.”

ATIA is expected to continue to operate under its own name while using Honan to “offer additional specialisations and services”. 

The deal marks Honan’s third acquisition of the year, having most recently agreed to a deal to buy life insurance adviser Trumpet Financial in October.