Ethos Broking Australia Chief: ‘Our Door Is Wide Open’ – from Insurance Business Australia by Terry Gangcuangco.
‘Ten days in as Ethos Broking Australia chief executive, things are looking packed for Adrian Kitchin (pictured) as the new The Ardonagh Group unit sets out on its growth journey.
“The pipeline is looking really strong,” Kitchin told Insurance Business. “What Ethos allows us to do is to focus on licensed insurance brokers and other insurance assets in the market. What it means is that we can fulfill the needs for pretty much most of the businesses in the Australian market that meet our appetite – whether that’s to sell part equity and for us to help them accelerate their growth in a way that they can’t do organically, or for those businesses that are seeking an exit from the industry we’ll do that in a disciplined way that helps them to maximise on their exit.
“We actually completed [an acquisition] before the launch of Ethos Broking. It’s part of Resilium Partners. Resilium Partners is where we are partnering with authorised representative businesses to bring them into Resilium under an acquisition model. So, we have two acquisition models – Resilium Partners which is where we partner with authorised representatives, and Ethos Broking which is where we partner with licensed insurance brokers.”
Resilium Partners is part of Resilium Insurance Broking, the Australian intermediary network which earlier this year came under the umbrella of rapidly expanding UK giant Ardonagh. Meanwhile Ardonagh brand Ethos Broking Australia – whose British counterpart has already made its third swoop for 2021 – came to life on June 01 under Kitchin’s leadership. Prior to his CEO appointment, Kitchin served as managing director of Resilium where he will remain as a director.’