Global insurance brokers Marsh and BMS Group have each expanded their WA presence, adding to a string of M&A deals by big players snapping up local operators.
Zenith Insurance Services, Dardanup Butchering Co, Austral Pool Solutions, Omni Dental and Forpark Australia were among numerous private WA companies to change hands late last year.
Subcontractors caught in the collapse of WBHO are being advised to assess their insurance policies, while industry premiums could be set to rise amid ongoing insolvencies.
SRG Group will become a top 10 insurance broker in Western Australia after finalising the acquisition of Gibbscorp, as two big global competitors pursue their own merger.
Australia's competition watchdog has raised concerns about the proposed merger of insurance brokers Aon and Willis Towers Watson, which are two of the big three players in the market.
Australian Reliance has become the third major insurance broker in Western Australia to change hands in the space of five months, with newly listed company PSC Insurance Group agreeing to buy the Perth-based group.
Vacancies across suburban office markets are decreasing, in contrast to those in the centre of Perth, but uncertainty remains for future developments outside of the CBD, according to new research.
International insurance broker Lockton Australia has signed a 750 square metre lease at a newly completed office building on Vincent Street in the centre of Leederville.
ONE of the world's largest insurance companies is set to open offices in Perth and Sydney, after cutting ties with Western Australia-based broker Australian Reliance.
