The Honan Insurance Group is an Australian owned insurance and financial services broker established in 1964. Today, Honan has over 150 employees with offices in Melbourne, Sydney, Brisbane, Perth, New Zealand and Singapore. As a partner of the Worldwide Broker Network (WBN), Honan has the capability to advise and transact in over 100 countries.Over the years Honan has built a reputation for integrity, honesty and professionalism.
Honan: The Early Days
Honan Insurance Group was formed way back in 1964 by Geoff Honan, who was pursuing his vision of how individuals should invest for their future and how businesses should invest in their people. Ultimately Geoff’s strategy proved successful, as it allowed him to steadily grow the business for 30 years and earnt him the reputation of being the number one life agent to Norwich Union.
Current GCEO – Damien Honan
In 1993, Geoff’s son, Damien, took over the small general insurance licence and over the years transformed Honan into the thriving global organisation it is known as today.
After working with his father for a number of years, heading up Honan’s Heavy Motor Department, Damien had a vision of his own for Honan Insurance Group, seeing opportunity in diversifying the business into other areas of insurance broking and expanding the business overseas. With the help of Neville Gibson, a respected and renowned leader in the industry, Damien’s vision for Honan soon became a reality.
An Expanding Business
With guidance from some of the industry’s finest and Damien’s determination and entrepreneurial spirit, Honan experienced consistent growth over the years and managed to hit milestone after milestone.
In 2003 Honan moved interstate and opened the Sydney office, which was a significant step for the business. By this time Honan was heavily involved in corporate and business insurance broking and had established a strong presence in the real estate market. Shortly after, Honan moved from the Camberwell office in Victoria to a new location in Southbank, Melbourne. Over the next couple of years, Honan opened offices in Brisbane, Perth and New Zealand to accommodate rapid growth.
From Humble Beginnings to Thriving Global Organisation
Damien’s goal was always for Honan to evolve into a global organisation. This was achieved in November 2001, when Honan Insurance Group became a member of the Worldwide Broker Network (WBN), the word’s largest network of independent property & casualty brokers and employee benefits consultants, giving Honan the capability to provide a truly integrated global service.
Over the years Honan’s partnership with the WBN strengthened, with Honan solidifying their position as the Risk Partner of Choice in Australia and New Zealand, eventually encompassing the entire Asia Pacific region.
Honan Insurance Group (Asia)
Honan’s global capabilities were further enhanced with the establishment of the Honan Insurance Group (Asia) division in Singapore. Honan Insurance Group (Asia) was officially formed in 2015, following the acquisition of Singaporean broker MACS Insurance Brokers.
MACS Insurance Brokers
Prior to forming part of the Honan brand and becoming a fully owned subsidiary of Honan Insurance Group, MACS Insurance Brokers specialised in general insurance and employee benefits, operating in South East Asia. Established back in 1993 by Sam Tan, MACS initially started out as a joint venture. After many successful years, a large majority of original MACS staff still remain and now make up the team in Honan Asia, ensuring a continuity of service and that MACS’ expertise and local knowledge remains in the brokerage.
Journey Towards Acquisition
When two spirited entrepreneurs cross paths it can be a wonderful thing. Such was the case when Damien first met Sam. Upon meeting one another, a mutual respect and understanding was instantly found, as the two businessmen quickly realised that they shared similar values and held the same view for the future of their businesses. Thus, the journey towards acquisition begun in early 2012, after the fires in their bellies had been ignited once again, fuelled by a notion of what the future might hold.
In 2012 Honan formally entered into a partnership with MACS, and with the approval from the Monetary Authority of Singapore (MAS), Honan was free to increase their equity share.
Honan Asia’s local knowledge and strategic geographical position in Singapore means Honan is well placed and more flexible to move forward on planned initiatives that will contribute to growing market share in Asia.
Through our exclusive alliances with international networks such as the Worldwide Broker Network (WBN), the International Benefits Network (IBN) and The Council of Insurance Agents and Brokers (CIAB), we are able to fully service local clients in international markets and international clients in the Australian market.
It is also through our alliances that we build our local and international relationships, ensuring that Honan Insurance Group maintains its position and regard in the insurance and financial services market place.
We have always felt strongly about partnering with the right organisations and groups, in particular those that share the same passions as we do and work towards improving our community.
Sponsorship is our way of showing appreciation and support, for the organisations and groups that continue to shape our personal and professional lives, as well as the lives of those around us.
We are proud to have been able to provide support and get involved with a number of local organisations and groups, including the Dunbar Rovers Football Club, Doxa Youth, City 2 Surf, Reach Organisation and more.
Our Refreshed Brand
In October 2018, we launched our refreshed brand. Our new logo brings to life the importance we place on relationships, on delivering bespoke solutions, on constantly challenging and being courageous both for our clients, and ourselves. Whilst we look different–your service or relationship with us won’t change.
Honan has also made some changes at the senior executive level. Andrew Fluitsma was been appointed Chief Executive Officer of Australia and New Zealand and Brad Tymmons as Chief Executive Officer of Asia.
Damien Honan’s role has moved to Group Chief Executive Officer. Both Andrew and Brad have been instrumental in our growth journey and we are excited about the potential they bring to the business.
We're excited to have Sabrina Hanitz join Honan as our President, Global Risk.
We are pleased to announce the appointment of Sabrina Hanitz as President, Global Risk, for Honan Insurance Group.
Sabrina will be based out of Dallas, Texas in the US and will replace Jaime Asher who spent the last two years focusing on inbound business development as she split her time between the US and Australia. Sabrina will build our Global Risk Practice for both Property & Casualty and Employee Benefits, working closely with Jaime who recently returned to our Sydney office to head up the rapidly growing Employee Benefits Practice for the region. The move is an exciting reflection of Honan’s significant global footprint and increasingly diversified business structure. It also represents the sustainable focus for our group on supporting the needs of our extremely important partners, globally.
Sabrina previously served as Executive Broker Manager of AIG, where she led several significant brokerage relationships driving strategy direction, growth and strong engagement among all stakeholders. As an Assistant Vice President for the U.S. Commercial Broker Engagement Practice, she led business development, operational excellence & multinational growth projects, developed an external continuing education program and assisted with core strategies for the practice. Sabrina joined AIG in 2011 as a Business Development Manager.
Prior to joining AIG, Sabrina served as an Account Executive in the Construction Services Group of Aon Risk Services in Chicago and assisted in the development of Aon Infrastructure Solutions, a division focused on Public-Private Partnerships.
Damien Honan – Group CEO said, Jaime has done such an amazing job in building the foundation of what has become pivotal to our Global Strategy. To see her grow her skill set in the US and bring her expertise back into a leadership position is so pleasing for me. To recruit Sabrina into this role allows us to really expand upon the work Jaime has started. Sabrina brings an institutional and strategic approach with her. Her reputation is well known to our industry globally and we are excited to take our Global Strategy to the next level with her leadership.Honan Group’s commitment to supporting our global partners in Australia, New Zealand and in particular, Asia, is measured by our level of commitment into this role. With over 50 years of broking experience, Honan Insurance Group is a truly integrated global Property & Casualty and Employee Benefits insurance broker with offices throughout Australian, New Zealand, South East Asia and the US.
Sabrina holds an MBA from Northwestern University’s Kellogg School of Management and a BBA from Temple University. She serves on the Executive Council & Board of Trustees for Gamma Iota Sigma and the Vice President of Gamma Iota Sigma’s National Alumni Council.
We welcome the appointment and updates across our Honan leadership: Travis Wendt & Kieran Drum.
We are pleased to announce the appointment of Travis Wendt as the Head of Broking & Carrier Management and Kieran Drum as National Head of Strata.
Travis will take charge of managing the group’s property and casualty placements, as well as its cluster and broader insurance supplier relationships. Travis will also work together with Henry Clark, Head of Financial and Professional Risks, on strategic carrier initiatives. Travis’ previous positions include Marsh and Aon, working on complex placements across numerous sectors specialising in energy markets before his move to Honan.
Kieran, having joined Honan in 2015, steps up from his former role as Head of Risk Consulting to support Honan’s commitment to providing resources and expertise to the growth and increasing sophistication of strata and property market in Australia. As our Managing Director, Andrew Fluitsma states, “We are heavily involved in the strata and property sectors. Through Honan’s expertise and insight, we are able to leverage marketplace insight/data, strong relationships with insurers and industry bodies to provide best-in-class solutions and expert advice”. Kieran’s previous experience includes Aon, Wills Towers Watson and Suncorp Group.
Travis and Kieran will be based in Melbourne.
Andrew Fluitsma features on Sky News to present on the importance of brokers.
Andrew Fluitsma features on Sky News to present on the importance of brokers.
As a Strata Manager it can be hard to keep up to date with every policy change. Our role as your broker is to help navigate these changes.
Earlier this week, our Managing Director Andrew Fluitsma featured on Sky News – Smart Investing and spoke on the value of a broker, especially for Strata.
“With the Grenfell Tower and the Lacrosse building in Melbourne, it’s important to detail the way the risk is represented; the exclusions, the understanding of the market cycle, pricing, access to insurance companies, management of claims [and] legally qualified assistance–a lot of this is intermediated through a broker. It is important they select the right broker and see the value of the broker.”
Andrew also discusses the importance of having Landlords Insurance and how it's distinguished from Home & Contents cover.
Click below to view the segments.
Our new brand and updates to the Honan Senior Executive Team
Last week, we launched our refreshed brand. Our new logo brings to life the importance we place on relationships, on delivering bespoke solutions, on constantly challenging and being courageous both for our clients, and ourselves. Whilst we look different–your service or relationship with us won’t change.
Honan has also made some changes at the senior executive level. Andrew Fluitsma has been appointed Chief Executive Officer of Australia and New Zealand and Brad Tymmons as Chief Executive Officer of Asia.
Damien Honan's role has moved to Group Chief Executive Officer. Both Andrew and Brad have been instrumental in our growth journey and we are excited about the potential they bring to the business.
Click to read more in the Insurance News article.
Growth of our Sydney Strata division
At Honan, we’re passionate about creating a genuine difference for our clients, so we’re proud to welcome three new talented members to our Sydney Strata team.
ClemLwin is one of the most respected brokers in Strata in Sydney and joins us with an overwhelming reputation for customer service and relationship management. Clem's experience in insurance spans across almost two decades. Clem steps into the National Client Manager role.
Paul Monsalve joins us as Client Executive and will be responsible for managing a number of client relationships within the portfolio. Paul’s existing client feedback across his ten years experience is a testament to his work ethic, commitment and dedication in placing clients first.
Nicole Fairlamb joins the team as Service Executive, with 5 years of prior Strata broking experience. Nicole brings with her a wealth of experience in supporting clients and providing technical support to brokers through day-to-day operations. Nicole is known for her customer service and delivery and will be an excellent asset to our Sydney team.
Finally, we welcome back Shelley Thompson, who has returned from maternity leave!
We look forward to supporting the momentum behind the team as we continue to see our Strata team grow from strength to strength.
Honan hosts the inaugural WBN Asia-Pacific Regional Conference in Singapore
Honan were honoured to have hosted the launch of the WBN Asia-Pacific Regional Conference in Singapore on Sunday 10 February 2019. This year marks the inaugural launch of the annual conference, aimed to bring global partners of the network together to strategise on synergies of service.
This year’s theme was Navigating the Network, where the delegates explored trends, turning points and topics across the insurance and broker markets within the region.
On behalf of WBN, we’d like to thank our sponsors.
Lloyd’s of London (Asia)
Liberty International Underwriters
We look forward to the next conference!
Photo from left to right: Tony McHarg from AIG, Francie Starnes from WBN and Damien Honan.