Resilium Partners’ Cornerstone Risk has bought Brisbane-based MRC Insurance and will build on the deal with the launch of a corporate and specialty division.
Cornerstone, led by Scott Mitchell and Damien Mulvenna, has completed a series of deals in recent months, expanding into NSW and increasing its Queensland presence.
The brokerage has become one of the largest Resilium partners, with more than 50 staff, offices in Brisbane and Sydney, $110 million gross written premium and 20,000 policies under management.
Business development MD Mr Mitchell says the acquisitions are about more than just growth, and bring together talented people and strong cultures. “We’re committed to never standing still and to building a business that thrives on innovation and collaboration,” he said.
Click here to view the full story in Insurance News.