Envest trio join forces
Envest businesses Fitzpatrick & Co Insurance Brokers, Arete Risk & Insurance Solutions, and Amicus Insurance Services will merge to create an operation with more than $260 million in gross written premium and more than 130 staff.
Travis Kemp, who has been a consultant to Fitzpatrick & Co, will head the combined SME and corporate risk and advisory services specialist, which will include the leadership teams of the three brokerages.
“The goal is to operate all three businesses under one structure, with Fitzpatrick’s current GM Daniel Holmes leading the general insurance broking team and Stuart Munro leading the corporate and risk solutions team,” Mr Kemp said.
Fitzpatrick & Co, established more than 30 years ago by Barry Fitzpatrick, was one of the founding members of the Aviso and Envest groups, which are part of global insurance distribution company Ardonagh.
Arete was established last year under the leadership of Phil Sholl, formerly Wymark Insurance Brokers CEO, and Chairman John Clayton, a former Marsh Pacific region CEO.
Amicus, which has operated for more than 20 years, is a Resilium Insurance Broking authorised representative and will add a Queensland base for the operations.
Mr Munro, former Marsh & McLennan national leader commercial, has been consulting with Amicus since March last year and was appointed CEO in December.
The merger is expected to be completed by the end of the financial year.