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JOINT VENTURE FOR WALLACE RISK SOLUTIONS AND WYMARK INSURANCE BROKERS

Wallace Risk Solutions and Wymark Insurance Brokers have announced the merging of their pest management insurance businesses.

From July 7, 2020, two leading insurance brokerage firms, Wallace Risk Solutions and Wymark Insurance Brokers, will merge their pest management insurance businesses under a new joint venture.

Trading under the Wymark name, the new partnership will have exclusive access to three insurers that provide cover in the pest management industry, allowing for a broader scope of risks to be covered. With dedicated operations in Victoria, New South Wales and Queensland, clients can expect a seamless transition and a continuation of the high standards of service that have been a hallmark of both organisations.

James Wallace, director of Wallace Risk Solutions said, “With over 50 years of combined brokerage experience and similar operating models, combining resources and expertise was the obvious solution to providing more competitive pricing and bespoke insurance solutions to our merged client base.”The joint venture will see Wallace Risk Solutions’ capabilities of providing insurance for small business occupations and membership groups and associations combined with Wymark’s offering of commercial and business insurance, including for specialist facilities.

Nathan Kerr, manager at Wymark Insurance Brokers said, “We are excited to have merged our respective pest management brokerage services and believe that our clients will benefit from the combined technical knowledge we now have at our disposal.”

Phil Sholl, director of Wymark Insurance Brokers, added, “This merger provides greater access to domestic and international insurance markets, which will ultimately be reflected in the coverage we will be able to offer new and existing clients. This, amid COVID-19 and the resulting financial effects on small businesses, has never been more important.”