17 January 2023Actuarial & underwriting

BMS unveils latest Australian acquisition

Insurance and reinsurance broker BMS has acquired Austbrokers Coast to Coast (C2C), the specialist Australian corporate, business, and retail broker, effective 17 January.

The terms of the transaction have not been disclosed.

Based in Burleigh Heads on the Gold Coast in Queensland, C2C was founded in 1982 and specialises in transport, construction, hazardous goods, and SME retail. BMS said that this acquisition aligns well with BMS’ ongoing expansion within the Australian market. BMS will be acquiring C2C in full, with staff and infrastructure transferring into BMS’ existing Australian business.

C2C principal Dale Hansen, who is a leading figure in the National Insurance Brokers Association, has worked with the business for more than 16 years. C2C is highly focused on its people having created a comprehensive talent development programme as well  supporting an inclusive and diverse workplace.

Andrew Godden, chief executive of BMS’ Australian business, said: “The acquisition of Austbrokers Coast to Coast represents a significant step in the expansion of BMS in Australia, and this latest acquisition further enhances our position in the market. C2C is a multi award winning business with an impressive reputation, notable expertise and strong growth trajectory and will be a great asset to BMS’ Australian offering. It is fantastic to be able to acquire a company like C2C which is highly invested in supporting its people. I very much look forward to working with Dale and the team.”