Home Insurance Law Rothbury to amass New Zealand’s Austinsure

Rothbury to amass New Zealand’s Austinsure

Rothbury to amass New Zealand’s Austinsure


Rothbury Group has introduced the acquisition of all shares in Austinsure, a New Zealand-owned insurance coverage brokerage,.

The shares will probably be acquired from Steadfast Group NZ Holdings, a transfer set to take impact on 15 March 2024.

Monetary phrases of the deal had been undisclosed.

Austinsure managing director Neil Austin will depart from his function to pursue different pursuits after an extended tenure.

In a press assertion, Rothbury stated: “After an extended and profitable profession, Austinsure Managing Director, Neil Austin, is leaving Austinsure to concentrate on exterior pursuits.”

Rothbury managing director Roger Abel stated the deal will supply “important advantages” to Austinsure prospects and workers.

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Abel added: “Rothbury’s funding allows Austinsure to additional improve the excessive stage of service supplied to their purchasers by leveraging Rothbury’s providers, merchandise and expertise infrastructure. Equally, Rothbury purchasers will profit from the aviation {and professional} indemnity experience that Austinsure is famend for.

“Rising our enterprise and crew throughout the nation has lengthy been a part of our progress technique and we’re excited to be partnering with the crew from Austinsure.”

As a part of the acquisition,  eight specialists from Austinsure will transfer to Rothbury.

Austinsure is engaged in offering unbiased, specialist recommendation in addition to service in particular enterprise areas.

Final 12 months, basic insurance coverage brokerage service supplier Steadfast Group forayed into the US with the acquisition of privately owned unbiased insurance coverage company community ISU Group (ISU) for $55m (A$83.13m).

ISU has practically 220 member companies throughout greater than 40 US states.



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