Cornerstone Risk Group has acquired MRC Insurance, effective 7 Nov 2025, and launched a Corporate and Specialty Division as part of its growth strategy.
MRC Insurance, based in Brisbane, is known for its broking and risk advisory services to clients in complex sectors such as mining, resources, and construction, and has a national footprint in Australia.
Under the terms of the acquisition, MRC’s managing director James Musial will head the new corporate and speciality division. Senior leaders Graham Ballard and Swan Poh have also joined the group.
“This exciting transition marks a new chapter for our business, and we are confident it will continue to bring enhanced benefits to our valued clients. Our commitment to providing high-quality service remains unchanged,” MRC said in a statement on its website.
The deal follows a number of acquisitions by Cornerstone in recent years, across New South Wales and Queensland, including MKS Insurance Services, Professional Insurance Agencies, and PMA Trilogy Insurance Solutions.
