Completed on Monday, 2 June, this is ATC's second acquisition, following the successful integration of MB Insurance in 2021.

ATC Insurance Solutions has today confirmed its acquisition of Sterling Insurance, marking a significant step in the group's long-term growth strategy and reinforcing its mission to deliver specialised and niche solutions across the Australian and New Zealand markets.

The transaction, completed on Monday, 2 June, is ATC's second acquisition, following the successful integration of MB Insurance in 2021. It expands the group's capabilities while preserving the strengths of the Sterling brand. Existing clients will experience no change to their day-to-day interactions as Sterling continues to operate under its long-established brand, led by its experienced executive team: Managing Director Tony Parington, Director and Liability Underwriter Linda King, and Director and Liability Manager James Emerson.

“Sterling is now part of an independent group of Australian companies where there are natural synergies with our products and company cultures," says Sterling's Managing Director, Tony Parington. "Definitely exciting times ahead that have re-energised my love for the insurance industry.”

"This is an exciting development for ATC," said Durham Kenigsvalds, Chief Executive Officer at ATC. "It aligns with the business's strategy and mission to deliver specialised and niche products to the market."

Sterling is a respected underwriting agency and wholesale broker, specialising in general liability, professional indemnity and aviation risks. Operating across Australia and New Zealand, the business has developed a strong market reputation and longstanding broker relationships. As an addition to the ATC Group, Sterling brings further depth to ATC's already diverse portfolio.

ATC is Australia's largest independent underwriting agency, with offices in Melbourne, Sydney, Brisbane, Perth and the Gold Coast. Its product suite includes Accident & Health, Construction, Plant & Equipment, Sport, Leisure & Events and Cyber, in addition to Prestige Motor Vehicles via MB Insurance.

For Sterling clients, the transition will be seamless. "The Sterling brand will continue," Mr Kenigsvalds confirmed. "Sterling has a strong presence in the market with an excellent reputation for the products that it distributes. That will remain unchanged."

Both ATC and Sterling clients can expect continuity of service, with added opportunities through ATC's broader network. "We're still running separate brands," Mr Kenigsvalds said. "But there is the opportunity to be able to interact with people across all businesses within our group and the ability to access solutions within our group."

As part of a larger group, Sterling is now backed by ATC's support and infrastructure, giving it greater scope to pursue its own strategic goals. Kenigsvalds noted the benefits this model offers. "Beyond the solutions available through the group, clients also benefit from our history of delivering high levels of service," he said. "We're diligent, and we work closely with our broker networks. We are strong in communication, strong on turnaround times, and we back our brokers on that front."

As with MB Insurance, which has thrived under the ATC Group while retaining its identity and broker-first approach, the acquisition is expected to support Sterling's long-term objectives while offering enhanced opportunities through the broader ATC network.

ATC extends its sincere thanks to Sterling's outgoing shareholders for their stewardship of the business and their support during the transition.