A Supreme Court ruling has detailed the bitter falling out between the two founders of insurance broker Reliance Group and their key backer, Jon Fogarty.
PSC Insurance Group has purchased Perth-based Ultimate Safety Solutions Australia (USSA) and the majority of shares in Eden Software, which owns USSA's SafeX technology, for an upfront payment of $700,000.
PSC Insurance Group has bought National Franchise Insurance Brokers in a deal worth up to $1.2 million, two months after the Subiaco-based firm was placed into administration.
Former footballer and insurance broker Andrew Donnelly has failed to overturn freezing orders that were imposed in January in relation to the alleged misuse of $5.1 million of trust funds from his old business.
Alan Bishop has spent 40 years building insurance broker EBM into a national player and worked through many business cycles over that time, but arguably none as tough as the current conditions in Western Australia.
