NZ acquisition for broker network AUB Group

NZ acquisition for broker network AUB Group | Insurance Business

NZ acquisition for broker network AUB Group
BrokerWeb Risk Services (BWRS) in combination with its acquisition partner AUB Group NZ (AUB NZ) has acquired a 50% shareholding in Bay of Plenty insurance broker Dawson Insurance Brokers (Rotorua) Ltd.

The company said the move had been secured by acquiring ‘a large portion’ of managing director Rob Harvey’s shareholding, as part of his plan to reduce shareholding and transfer his MD role to Denis Marriner.

“I have been planning my succession as both MD and principal shareholder for a couple of years and now is the perfect time for Denis to take the leadership role, supported by myself and our new partner,” said Harvey.

Harvey would continue to be ‘very active’ in the business as a broker, shareholder and director, the company said, adding that all shareholders were excited to have BWRS and AUB NZ become a shareholder and support the growth and development of the business into the future.

Marriner will be joined by current directors, D-Anne Wilson, Peter Mahar and Rob Harvey as continuing board members.

“I’m excited to take on the role of managing director with the support of Rob and the team,” Marriner said. “We are also looking forward to providing our clients with continued personal service, now backed by the greater BWRS and AUB Group Ltd.”

BWRS managing director David Archer explained why Dawson’s would be a great member of the wider AUB family.

“They are an example of a really strong, client focussed insurance broker and we look forward to supporting their growth into the future under our partnership model, which we have adopted from the greater AUB Group,” Archer said.

Dawson Insurance Brokers was established over 35 years ago in the Bay of Plenty and has grown to represent almost 4,000 clients, and in excess of $15 million of GWP, the company said.
 
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