AUSTRALIAN insurance broker Honan has acquired Atia Insurance Services, a business specialising in transport and logistics.
Atia’s transport and logistics insurance division focuses on warehousing, storage, distribution and freight management businesses.
Honan said the acquisition adds to its own transport and logistics business which services truck owner-drivers and heavy motor businesses.
Honan CEO Andrew Fluitsma said the group has admired Atia for a long time.
“The business has long been a fixture of the Australian insurance landscape and we’re proud to be a part of the next chapter in Atia’s storied history,” he said.
“Transport and Logistics is a $100 billion industry in Australia and comes with its own unique set of risks and insurance needs exacerbated by recent supply chain challenges spurred by the pandemic, rising global inflation and the conflict in Ukraine.
“Bringing Atia into the Honan Group will allow our clients to tap their unique expertise and networks developed over the last four decades, particularly in the transport and logistics space.”
Atia director Stewart Lush said the two businesses have shared values and cultural alignment.
“Honan is similarly committed to delivering exceptional client service, building long-term relationships to deliver practical and cost-effective solutions,” he said.
Atia will continue to operate under its current name while using the Honan brand to offer additional specialisations and services, including placement expertise, global networks, and claims advocacy.
Atia also offers services in financial and political risk advisory and general insurance.
