Oracle Group Australia is starting the year off with an exciting merger in NSW!
Wayne Knight and his team at Mutual Brokers Sydney have recently decided to merge with the NSW operations of Oracle Group Insurance Brokers led by Jacob Ross.
The merger has been a natural progression for Mutual Brokers as there was a lot of collaboration between the two companies, so after three years of Mutual being an Authorised Representative of the Oracle Group Insurance Brokers, it was time to merge operations.
“I feel that the merger is a good initiative for both parties providing our clients with extra resources and stability in this current economic climate. With the team that we have in place, we can provide all levels of professional services for our clients. The future is exciting, and we are prepared for the challenges ahead.” Wayne Knight, Executive Director
There will be no changes in the business operations with the team at Mutual Brokers Sydney joining the team at Oracle Group NSW, with Wayne Knight, the director and owner of Mutual Brokers, joining as an Executive Director at Oracle Group (NSW). The team is now based in several offices within NSW, including Erina on the Central Coast, Bella Vista in the Norwest area, and a smaller serviced office in Newcastle and Sydney CBD.
“The team at Mutual are experienced brokers and it was an excellent outcome that each of them decided to stay within the Oracle Group family. With our blended team of brokers across the Central Coast and the Sydney office, we have an excellent base to service both our customers and our Authorised Representative network in the months and years ahead. What is clear is that the future at Oracle Group is a bright one.” Jacob Ross, Executive Director
The combined portfolio of Oracle Group (NSW) is now a GWP (Base) of $13.2m and (Total) $16.5m. With a mix of Corporate Accounts, Mid-Market, SME and Domestic. The combined NSW operations provide exciting opportunities for collaboration with insurers and underwriting agency partners.
In NSW, Oracle Group Insurance Brokers has now completed 3 mergers in recent years, first with Affinity Insurance Services, then with Paragon Insurance Solutions and now with Mutual Brokers Sydney. Oracle Group has provided a pathway for succession for their Authorised Representative network and is looking forward to providing growth opportunities to ARs.
“The expansion of Oracle’s Authorised Representative network is a prime focus of our business and we are actively seeking new ARs to join our network. We provide a supportive and inclusive environment that allows AR businesses to focus on what they do best.” Matthew Denehy, Managing Director of Oracle Group
It’s an exciting moment for Oracle Group Insurance Brokers with a bright future as a combined Mutual Brokers Sydney and Oracle Group Insurance Brokers operation.
About Oracle Group
Established in 2016, Oracle Group Insurance Brokers are an insurance broker network with Authorised Representatives and offices across Australia. Oracle Group has the strength and backing of Steadfast, Australia’s largest broker network providing access to bespoke policy wordings, coverage, and competitive pricing.
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