MARCH 1, 2011- SYDNEY, NSW
We are delighted to announce the acquisition of IUS Pty Ltd (IUS), Australia’s largest provider of income protection insurance as an employee benefit . IUS was founded 15 years ago by Peter Grzonkowski and is a recognised market leader.
Coverforce welcomes IUS’s Directors George Hodgson and Colin Pausey to its Board and senior management. George and Colin have proven capability and will bring valuable knowledge and experience to the company.
Coverforce Chief Executive, Jim Angelis said “The acquisition of IUS is meaningful to Coverforce and represents a continuation of our growth strategy. With almost $50 million in annual gross written premium, IUS adds considerable scale to our business.
Coverforce was founded in 1994 and provides insurance to business, professions and industry groups. Coverforce is a top five Australian owned insurance broker by size. Annual gross written premium exceeds $100 million.
For further information visit our website at www.coverforce.com.au or
contact Jim Angelis on 02 8814 7777