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Coastsure announces acquisition  

Coastsure Insurance Brokers has acquired Ausure Gold Coast Insurance Brokers. 

The pair service a similar range of clients, Coastsure MD David Beard says, and there were “obvious synergies” as the brokerage was already part of the Ausure network.  

"The acquisition provides a seamless continuity in terms of the type of personal, professional service,” Mr Beard said. 

Coastsure has now successfully consolidated several local insurance broking businesses, he says, creating scale and the ability to deliver a broader range of services and depth of insurance experience.  

“Clients can be confident they are dealing with experienced professionals acting in their best interest and delivering results. Our staff have a huge amount of insurance experience, many having worked for international brokers and major insurers in their careers,” Mr Beard said. 

Richard Bell, who purchased Ausure Gold Coast Insurance Brokers in 2015, plans to explore an accommodation opportunity on Magnetic Island after helping to integrate the portfolio. 

“I feel confident my clients will receive the same or better service. They understand my service levels and have made me comfortable with the process going forward,” Mr Bell said. 

Coastsure was established in 2003 from three Suncorp Insurance Agencies. Mr Beard says its membership of both the Ausure Authorised Representative Network and Steadfast Broker Network “allows us to provide our clients with local knowledge and service whilst benefiting from the cost effectiveness of a larger group”.