Entrepreneurial insurance distribution and investment company, Envest has acquired Ken Tame and Associates, an underwriting agency specialising in insurance for recreational vehicles including motorhomes, caravans, campervans, slide-ons and fifth wheelers.
Formerly owned by Allianz, Ken Tame and Associates has an exclusive arrangement to provide motor insurance for the 70,000+ members of the Campervan and Motorhome Club of Australia Limited (CMCA).
Envest Managing Director Greg Mullins said Ken Tame is a well-established brand with a reputation for providing exceptional cover and claims service in the RV space, and scope to grow its offer and customer base in a growing adventure tourism sector.
The sale was completed on 31 March 2021 by Envest controlled entity, Envest Direct Agencies.
“Tourism Research Australia estimated that Australians enjoyed 13 million domestic caravan and camping trips annually in 2019 – an 8.5% increase from the previous year,” Mr Mullins said.
“Camping and caravanning also represents a significant proportion of the domestic leisure market accounting for a third of all trips to regional Australia and we anticipate that the popularity of this sector will only continue to increase, particularly while overseas travel is restricted.”
“Ken Tame is a natural complementor and extension of what we already do through Envest Direct for our Club 4×4 brand and will be an integral part of our strategy to service the growing outdoor adventure and leisure markets.”
Ken Tame CEO Con Tsobanopoulos said the common synergies within the Envest group and the entrepreneurial focus, will continue to drive strong growth and great service for customers.
Mr Tsobanopoulos said Ken Tame strives to be the market leader in recreational vehicle insurance and being nimble, adaptive and responsive would help them realise this goal.
Mr Mullins said Envest’s extensive network in the insurance market, would help Ken Tame develop new insurer relationships and product offerings for members.
“We’re delighted to take Ken Tame on the next part of its journey and can’t wait to introduce a broader range of insurance options and value to its customers and CMCA members.”
CMCA Members with enquiries about their insurance or claims should continue to contact the Ken Tame team directly on
1800 582 582 or visit the website https://kentame.com.au/