AUB Group, Australasia’s largest equity-based insurance broker network, offered to acquire Coverforce, Australia's largest privately-owned insurance broker, from Pemba Capital. Financial terms were not disclosed. "The proposed acquisition is consistent with AUB Group’s disciplined M&A strategy to acquire businesses that accelerate scale & growth, leverage and expand our expertise in key insurance risk areas and market segments, whilst adding to our core capabilities," Mike Emmett, AUB Group CEO and Managing Director. The deal was terminated on December 9, 2019.