Brightstar acquires Australia based insurance underwriting agency Risk Insure

Brightstar, a global provider of end-to-end device lifecycle management solutions, has acquired Risk Insure, one of the largest privately-owned insurance brokers in South Australia.

With the increasing costs of ownership for new smartphone devices, Brightstar is looking for new ways to add value to its customers. Tyler McGee, Brightstar’s regional managing director for Oceania, said with smartphone prices increasing, this acquisition will provide Brightstar the opportunity to further tap into the growing insurance market for smartphones.

“Risk Insure will help us provide a holistic service for retailers and operators, offering tailored insurance solutions that provide peace of mind to consumers across Australia and New Zealand,” he said.

Clayton Bodnarek, global vice president of Brightstar’s device protection sales, added:

“Brightstar has long been known for its innovative nature, and this acquisition gives us the opportunity to organically grow our device protection services within the Oceania region. We’re pleased that Brightstar continues to invest in the growth of device protection in this region and around the world.”

Grant Goldner, co-founder of Risk Insure, said he is proud of what the Risk Insure team has accomplished in the Australian market, and looks forward to growing and supporting their Australian clients with Brightstar.

“By combining our success with Brightstar’s global reach and scale, we’ll be able to take our device protection capabilities to the next level,” he said. “Together, Risk Insure and Brightstar are poised to make a significant impact on Australian mobile phone insurance.”