Bombora congratulates MBS Insurance on obtaining own AFSL and announces new alliance
Wayne Handley
Bombora Advice founder and Managing Director Wayne Handley has congratulated MBS Insurance (MBS) on obtaining their own AFSL which is a significant milestone for the Sydney headquartered Australia-wide business.
Commenting further Wayne Handley said MBS joined Bombora in 2015 and is a founding practice and equity partner of the national risk advice group. He also confirmed that MBS’s Founding Partner Kris Mason will continue as member of the Bombora Board.
MBS Insurance’s AFSL came into effect on August 1st and Wayne Handley has affirmed that both groups will continue their close professional and operational relationship under a new alliance arrangement.
“MBS is to be commended for the extraordinary success they have achieved as risk insurance specialists that has been reflected in business growth, market leading JVs, operational / service excellence and reputational standing in the industry”, said Wayne Handley.
“It was an inevitable progression of this success that the MBS group would operate under their own license and we sincerely wish them continued success for the future”.
Under the new alliance and continuing relationship, MBS will access all Bombora’s B2B wholesale services and facilities that includes audits, committee structures, education, training, PD Days and conferences
Responding on behalf of MBS, Kris Mason said “We joined Bombora in 2015 and it has been immensely rewarding and beneficial – and the relationship accelerated the progression to our own AFSL”.
“This is an exciting milestone for MBS and we are very positive about the future and potential we will realise by operating under our own license”.
MBS was established in 2006 as a risk specialist advisory practice. The group has grown steadily and today is one of the largest advice businesses and portfolio managers across Australia.
Today, the group is headed by Founding Partner Kris Mason, Managing Partner Drew Burden and Partner / GM Carolyn Clark.
Wayne Handley and Kris Mason concluded, “The past seven years have been an extraordinary period for Bombora and MBS as both enterprises have benefitted immensely from the connection and relationship”.
“Most importantly, it is an excellent demonstration of what can be achieved when advice businesses and the Licensee are 100% aligned strategically and operationally.
“Although operating under separate AFSLs, we will continue to build on our history of achievement and success under a new wholesale B2B alliance”.
