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Coastsure Insurance Brokers buys Ausure neighbour

The Ausure network has consolidated in South East Queensland. Coastsure Insurance Brokers has acquired Ausure Gold Coast Insurance Brokers. Both firms are located on the Gold Coast.

“Ausure Gold Coast and Coastsure service a similar range of clients and there were obvious synergies with Ausure Gold Coast already part of the Ausure network,” said David Beard (pictured immediately above), Coastsure’s managing director.

A media release said Ausure Gold Coast’s principal, Richard Bell, will assist with the “integration of the portfolio into Coastsure.”

On its website, Coastsure lists a range of industries as its focus including transport and logistics, manufacturing, construction and property developers.

In the release Bell said his confidence in both Beard and Coastsure director Rolf Van Dulst were reasons for the sale to Coastsure.

“Having known Rolf and David from nearly day one at Ausure, I feel confident my clients will receive the same (or better) service from them,” he said. “They understand my service levels and have made me comfortable with the process going forward.”

Bell said the sales process was “straightforward” and “relaxed.” The release said he has plans to buy another business but “a good holiday is on the cards first.”

“Coastsure has already successfully consolidated several local insurance broking businesses,” said Beard.

He attributed “the ability to deliver a broader range of services and depth of insurance experience” to this growth.

The release said Coastsure, that was founded in 2003, is now one of the largest local insurance brokers operating on the Gold Coast.

“Our membership of both the Ausure authorised representative network and the larger Steadfast broker network allows us to provide our clients with local knowledge and service whilst benefiting from the cost effectiveness of a larger group,” said Beard.

by Daniel Wood
6 November 2023
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Coastsure Insurance Brokers Pty Ltd, ABN 28 140 219 790, AFSL 238433

This article originally appeared on Insurance Business News and has been published here with permission.

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