Insurance House is excited to announce that we will take partial equity ownership in Commercial Insurance Group (CIG) in the south eastern Sydney suburbs of Rockdale. The Group's investment in CIG Insurance, an Insurance House Advance Authorised Partner, aligns two of our key strategic initiatives - growth, and our promise of genuine strategic support for our Authorised Partners.
Insurance House Managing Director Jay Fereday stated, "I'm really excited by this move, which gets our Sydney general insurance brokers located closer to their clients. It also lets us continue to improve the service and advice we're providing our clients in challenging times. Under the leadership of Andrew Dawson, this will allow us to focus on growth in two key strategic areas - our financial lines business, and regional NSW - where we've already seen significant growth."
As a Group, our focus has been on building a strong network of local offices for some time. In the last 12 months alone, Insurance House has expanded into the local communities of Taree, Newcastle, Shepparton and Bendigo. This partial equity ownership announcement with CIG Insurance demonstrates our continued commitment in this space.
Providing local communities with access to local insurance professionals they can turn to for help is what we're about. Migrating our existing Sydney Metro based general book to CIG Insurance provides clients with just that. It ensures greater accessibility to a more visible, local broker, whilst maintaining the same high standards of customer service and support they have come to expect from Insurance House.
The Insurance House Financial Lines team will remain in metropolitan Sydney. The broking division will look to double down in the financial lines space over the coming months and increase our market position in this sector.
CIG Insurance Director Jeff Tyler commented, "We are truly excited about what this opportunity represents for the future direction of our brokerage and our existing and new clients alike. In partnering with Insurance House, we welcome Abraham Tavares and Alvin Baduria as great additions to the growing CIG Insurance team - they are experienced industry professionals who have high profiles within their client networks and the industry alike. This addition allows us to further pursue our growth objectives whilst continuing to deliver high level customer service and advice-based outcomes for our clients."
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