Cornerstone Risk Group, a Brisbane-based insurance broker and Resilium Partner, has announced the acquisition of MRC Insurance as part of its ongoing expansion efforts, building on its growth beyond Queensland and further into New South Wales.
The company, led by Scott Mitchell and Damien Mulvenna, has pursued a series of acquisitions to strengthen its market position and diversify its service offerings. Scott Mitchell, managing director of business development at Cornerstone Risk, stated that the acquisitions are focused on uniting skilled professionals and fostering a collaborative culture within the business. “These acquisitions are about more than just growth – it’s about bringing together talented people and strong cultures to create something exceptional. We’re committed to never standing still and to building a business that thrives on innovation and collaboration,” Mitchell said.
On its website, MRC Insurance said: “After careful consideration, we are pleased to announce that MRC Insurance has officially joined Cornerstone Risk Group, effective 7th November 2025. 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.”
Following the acquisition, MRC Insurance’s team will join Cornerstone Risk Group. The transaction includes the formation of a new Corporate & Specialty Division.
Danny Gluszkiewicz, who owned MRC Insurance, will take on a consultancy role, working closely with Cornerstone’s senior management. James Musial, previously managing director at MRC Insurance, will continue in a leadership capacity, overseeing the new Corporate & Specialty Division.
Gluszkiewicz said he looks forward to his consultancy role with Cornerstone, noting that the partnership will enable him to contribute his experience from establishing MRC. “This collaboration allows me to share the insights and experience from building MRC, while supporting Cornerstone’s senior management team in driving innovation and growth. Together, we can create a stronger, more dynamic business that values culture, expertise, and sustainable growth,” he said.
Musial added: “Joining Cornerstone is an exciting opportunity for our team. We share a common vision for excellence and innovation, and I look forward to leading the Corporate & Specialty Division as we continue to deliver outstanding results for our clients.”
The MRC Insurance acquisition follows several other recent additions to Cornerstone’s portfolio. Over the past few months, the company has acquired Victor Chau Insurance, Protect-U Insurance Advisers, John Leask, Dolan Insurance Services, and Acumen Insurance in New South Wales, as well as Aspire Insurance Solutions in Queensland.
With these acquisitions, Cornerstone Risk Group now employs more than 50 staff members and operates offices in both Brisbane and Sydney. The business manages approximately $110 million in gross written premium and administers 20,000 policies. This expansion has positioned Cornerstone as one of the largest Resilium Partners in Australia.
Cornerstone Risk Group and Resilium Partners have indicated that their growth strategy includes both organic expansion and further acquisitions, with additional projects under consideration.
Cornerstone Risk Group offers insurance solutions for clients across Australia, with experience in business, commercial, and personal insurance. The company became a Resilium Partner in 2021 and continues to seek opportunities to bring other businesses into the group.
