Street Talk
TA Associates’ Honan Insurance rolls up broker market
TA Associates-backed insurance broker Honan Insurance Group is on an M&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 has a deal to acquire Certus Insurance Brokers, a 20-year-old Kiwi firm with 15 risk advisers and brokers operating out of Auckland, in a bid to bulk up its presence across the Tasman.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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