TA Associates-backed insurance broker Honan Insurance Group is on an M&A hot streak,
A hot streak, striking its sixth acquisition in the past six months as it tries to topple the big global American-owned players in its sector.
Honan CEO Andrew Fluitsma told Street Talk his company would buy Certus in full, using a debt facility from Macquarie.“New Zealand has been an important market for Honan’s clients,” he said. Honan’s goal is to pick market share off the big US-based brokers that dominate the market, including MarshCo and Aon. It is focused on the strata and real estate, corporate risk and employee benefits segments of the market.
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