Five major players picked for new government panel

by Maryvonne Gray 22 Apr 2015

Five major players picked for new government panel

The five major players who made it through a competitive tender process to provide brokerage services for a new All-of Government (AoG) panel have been announced by economic development minister Steven Joyce.

They are Aon New Zealand, Crombie Lockwood, Jardine Lloyd Thompson (JLT), Marsh and Willis New Zealand.

Joyce said: “These providers have demonstrated the necessary capacity, capability and expertise to deliver world-class brokerage and insurance intermediary services and solutions to government agencies.

“Government agencies spend a significant amount on risk financing and insurance each year. This new panel will ensure a more coordinated approach is taken to the way the Government purchases these services, and will help ensure resilience in the event of unanticipated, large-scale events such as natural disasters.”

Joyce said that with the new solutions provided by the brokers, in the event of an earthquake, for example, government agencies would be able to respond and recover more quickly.

“Agencies will be better prepared and coordinated in terms of the funding mechanisms that will apply,” he said.

The contracts are due to commence this year.
 
2 Comments
  • Boomer 22/04/2015 3:03:23 p.m.
    Whatever happened to "Buy New Zealand"??? OK, I guess there's no domestic brokers left!
    Post a reply
  • Tim 23/04/2015 3:18:16 p.m.
    Does that mean our Fire Service Levies will go up again to compensate for the government and their chosen brokers exploiting the weaknesses of their own levy scheme?
    Post a reply