Network Insurance Group (NIG) is delighted to announce the acquisition of Global Risks Pty Ltd.
Global Risks has a portfolio of clients which has been developed over the last twenty years by Leonard and Bonni Gordon. They bring a wealth of experience, with Leonard having been in the industry for nearly 40 years, internationally and in Australia, and Bonni for 16 years. The boutique insurance broking firm specialises in medium to large private and listed organisations, in addition to servicing high net worth individuals and their families.
NIG Chief General Manager Adam Farr commented, “We are delighted to be partnering with the Global Risks team who proudly service a highly valued segment of the market. This has appropriately been recognised over many years via the prestigious Insurance Business Australia Awards, with the Global Risks team regularly being nominated as finalists in numerous categories and Bonni Gordon being awarded Independent Broker of the Year in 2019.”
Global Risks Principal Bonni Gordon stated, “Joining NIG will benefit Global Risks’ clients, especially through the current hard market conditions which we expect to persist for some time. Importantly, and as proud members of the Steadfast Group, NIG has access to Steadfast’s majority shareholding in UnionSteadfast, with access to markets and capability in numerous regions around the world. We also look forward to benefitting from the expertise that NIG’s dedicated claims division brings to our business.”
Fellow Principal Leonard Gordon stated, “We have known Adam and Andrew for over twenty years and during this time have always had an excellent relationship built on trust and mutual respect which made for a smooth process. We feel very comfortable that we have joined a company that has high principles and believes in the insurance industry doctrine of utmost good faith, which is extremely important to Global Risks.”
Bonni and Leonard both commented, “Importantly, we will be able to continue to run the business in the same manner as we currently do and will continue to focus on servicing our clients as we have done in the past. For our clients, nothing will change in respect of the day-to-day experience and interaction.”
NIG and Global Risks are excited for the future and look forward to a long-standing and beneficial relationship for all parties concerned.