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Honan Insurance Group (Honan), one of Australia’s fastest-growing brokers, today announced its acquisition of the ATIA business. ATIA Insurance Services (ATIA), is a risk advisor and insurance broker for commercial, industrial, and professional clients.
Established in 1978, ATIA boasts a long and distinguished history of providing outstanding service and solutions in transport and logistics insurance, financial and political risk advisory, and general insurance. ATIA partners with clients for the long term to help protect them and their businesses from risk as their needs evolve.
The acquisition is a natural addition to Honan’s current transport and logistics business, which services truck owner-drivers and heavy motor businesses, including concrete trucks, prime and earth-movers, tippers, mobile plants, and cranes.
Rising inflation and interest rates have dampened Mergers and Acquisitions (M&A) activity in the Australian insurance market this year, with the volume of acquisitions decreasing by approximately 30% at the mid-year mark versus the first half of 2021. Despite this, Honan continues to accelerate its M&A activity with the ATIA business acquisition, its third in 2022, helping to drive a compounded annual growth of 30% over the last three years.
Honan Chief Executive Officer, Andrew Fluitsma, said:
“We’ve admired ATIA for a long time. The business has long been a fixture of the Australian insurance landscape and we’re proud to be a part of the next chapter in ATIA’s storied history.”
“Transport and Logistics is a $100 billion industry in Australia and comes with its own unique set of risks and insurance needs exacerbated by recent supply chain challenges spurred by the pandemic, rising global inflation and the conflict in Ukraine. Bringing ATIA into the Honan Group will allow our clients to tap their unique expertise and networks developed over the last four decades, particularly in the transport and logistics space.”
ATIA’s Director, Stewart Lush said:
“The decision to join the Honan family was made easy by our shared values and cultural alignment. Honan is similarly committed to delivering exceptional client service, building long-term relationships to deliver practical and cost-effective solutions.”
The acquisition will see the business join the Honan family, continuing to operate under the ATIA name, while using the Honan brand to offer additional specialisations and services, including placement expertise, global networks, and claims advocacy.
Founded in 1964, and headquartered in Melbourne, Honan is disrupting the traditional broker model. With more than 350 employees from offices in Australia, New Zealand, Singapore, and Malaysia, and through exclusive access to independent insurance and risk advisors via the Worldwide Broker Network, Honan partners with diverse organisations from global and ASX 100 corporations, to property managers, NFPs, start-ups, and sole traders. Thanks to its innovative, customer-led approach and deep sector experience, Honan adds value to clients beyond just insurance, through comprehensive risk profile assessments and clear, easy-to-understand advice.
ATIA Insurance Services is a risk advisory and insurance brokerage for commercial, industrial, and professional clients. Founded in 1978, ATIA focuses on helping clients and their businesses manage risk, giving them peace of mind. Specialising in servicing the transport, logistics and earthmoving, plant and machinery industries, ATIA continues to evolve to meet the changing needs of its clients.
Media Contacts
Keep Left (on behalf of Honan)
Mitchell Blincoe
0427 801 843
