Perth-based Oracle Group Australia says NSW-based Affinity Insurance Services has agreed to merge with it, ending months of talks that began last October.

MD Matthew Denehy says a heads of agreement was signed on May 25 and the merger will formally take effect on September 1, with Affinity Director Jacob Ross joining as Director of Technology and State Director NSW. Mr Ross and his team of eight will support the NSW business from its Central Coast office.

“We need to have a NSW presence,” Mr Denehy told insuranceNEWS.com.au today. “The COVID virus hasn’t worried us in any way. We have been growing all the way through that.

“We’ve been in high growth mode for some time.”

Mr Denehy, who works from the brokerage’s Gold Coast office, says Oracle is looking at two potential acquisitions at the moment.

With the Affinity merger, Oracle now has offices in Victoria, East Gosford, the Sunshine Coast, Gold Coast and in Perth. It also has authorised representatives in all the states and territories.