Life/risk focused group see potential for growth

Despite the continuing uncertainties confronting the life/risk sector, newly-merged MBS Insurance and Complete Risk Analysis have confirmed ambitions for further growth via joint ventures and alliances.

The merger between the two firms was announced in August and completed this month, meaning that the business now comprises 18 authorised representative financial advisers backed by 40 administrative staff accounting for $55 million in premiums under management.

Confirming the completion of the merger, company spokesman Kris Mason said the group had received interest from financial advisers but that it would be undertaking a careful growth strategy.

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“We are not obsessed with attracting advisers for growth’s sake,” he said.

Mason said, however, that the group was in discussion with a number of potential joint venture and alliance partners.

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