Brisbane, Australia – Bendigo Insurance Brokers Pty Ltd, a trusted name in the Bendigo community for over 35 Years, is pleased to announce a new partnership with The Envest Group.
Envest, has acquired a majority stake in the business and adds Bendigo Insurance Brokers to its growing network of Aviso Group brokers.
Travis Kemp, CEO of Aviso Group, said “We are thrilled to welcome Bendigo Insurance Brokers to our expanding group. This partnership expands our regional presence and adds value through the exceptional people that make up Bendigo Insurance Brokers. Bendigo aligns with our ethos of growing good businesses, with great local people.”
With a Gross Written Premium (GWP) of $20.6m and a team of eleven working from the Bendigo office, this move will see the Aviso Group combined GWP increase to $954.6m.
Phil Hetherington, Managing Director of Bendigo Insurance Brokers, reflected on the importance of this new chapter.
“The time for this move is now. Working with Envest means joining forces with a growing leader in our industry, and I believe there has never been a better moment. I am grateful for the support of our founder and former majority shareholder Dennis Raftery and look forward to what the future holds with the support of Envest and the Aviso Group.”
Dennis Raftery has sold his majority stake in the business and will retire after 25 years as Founder/MD and from his most recent position for the past 10 years as Chairman of Directors.
“This decision was made with great care, and I am confident that Envest, Aviso Group & Ardonagh are best positioned to support Bendigo Insurance Brokers’ future growth and development and opportunities for our Staff and existing Bendigo based Shareholders. I look forward to seeing the business succeed and prosper further with their backing,” said Dennis.
With this partnership, Bendigo Insurance Brokers reaffirms its commitment to its clients and the Bendigo community, ensuring that clients will continue to receive the dedicated service they rely on while benefiting from Envest’s resources and expertise.
About Envest
Headquartered across Brisbane, Sydney and Melbourne, Envest is a focused insurance distribution business that empowers insurance broking and agency businesses.
It is the growth platform for The Ardonagh Group in the region.
About Bendigo Insurance Brokers Pty Ltd
Founded in 1989 as a start-up Broker with its own Australian Financial Services Licence [AFSL], Bendigo Insurance Brokers Pty Ltd is a trusted provider of insurance solutions with a long-established history in the Bendigo regional community & Greater Melbourne Metropolitan area of Victoria.
Known for its commitment to local causes, professional and personalised service, the firm has become an integral part of the communities and business sectors it serves so well.
