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Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance

PSC combines AR networks

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PSC Insurance Group has integrated its two authorised representative networks under one structure to boost efficiencies and provide a clear platform for growth.

The newly branded business, PSC Network Partners, combines PSC Connect and PSC Reliance Partners, which have been operating independently as well established AR network groups for more than 10 years.

“This gives us an opportunity to provide consistency, improved capability and enhance our business model to brokers already with us or looking to join,” PSC Connect CEO Tony Walker, who becomes CEO of the combined business, told insuranceNEWS.com.au today.

The combined AR business operates in every state and territory as well as New Zealand and the organisation is well placed to provide local support and service to all insurance advisers, he says.

“This support extends to compliance and corporate governance, financial support, technology, claims management, marketing support and insurer leverage through PSC Group relationships,” he said.

PSC Network Partners will have more than 500 insurance advisers and support staff, handle in excess of $300 million in gross written premium and assist more than 70,000 clients.

PSC Reliance Partners CEO Shane Upton says PSC Network Partners further eliminates any back-office duplication and provides wider leverage support with strategic insurer and agency trading partners while taking on the best parts of both models.

“Our equity partner model is something that we are used to within the AR sector, in particular with investing in entrepreneurially minded brokers,” he said.

“The combined business will also eliminate any confusion with market messaging and Tony and I along with the rest of the experienced management team are excited to build on the significant potential of PSC Network Partners.”