Steadfast-backed Network Insurance Group has acquired Nadic Insurance Brokers, which has an extended historical past in NSW’s Hunter area in addition to places of work in Sydney and the Gold Coast.
Dallas James, who has been CEO at Nadic because it was based in 1966, says he’s delighted.
“We look ahead to improved programs and efficiencies offered by the energy of the partnership. This may free us up permitting us to introduce new accounts and higher serve our present consumer base,” Mr James mentioned.
“I look ahead to supporting Network proceed its development as a serious power and representing the Hunter/Newcastle space.”
The Nadic crew, together with director Mitchell James, will proceed to work with current purchasers because the pair combine over the subsequent yr.
Melbourne-based Network CEO Andrew Broughton says the Hunter area – the seventh largest inhabitants base in Australia – aligns strategically with Network’s strikes into the Gold Coast and Northern NSW final yr, and affords “great scope for future improvement”.
“We’re very excited to be working with Dallas, Mitchell and the crew into the long run as we increase on this key development area,” mentioned Mr Broughton, who was previously EGM Shopper & Retail Partnerships at QBE and held senior roles at Allianz, the place he spent 13 years.
“Nadic already has a top quality crew and various consumer base which aligns nicely with our philosophy and values and bodes very nicely for the long run.”
Network, which is majority owned by Steadfast, specialises basically threat administration, staff’ compensation, claims administration and specialty business dangers.
It has places of work in Melbourne, North Sydney, Tuggerah, Burleigh Heads and Brisbane, and illustration extending to Ballina, Launceston and Hobart, and a presence in Singapore, Malaysia, Nepal, the UK and New Zealand.
Network not too long ago appointed Pete Stansfield as COO and Damian Hicks, who has held senior roles at Allianz, as GM Schemes and Affinities.
Nadic says it spans common insurance coverage, enterprise insurance coverage, skilled indemnity and administrators insurance coverage, mining and allied industries, journey insurance coverage, earnings safety, life insurance coverage, worker advantages and staff’ compensation.
