Insurance Brokers has announced its purchase of a significant stake in Wilkinson’s Insurance Brokers and its ancillary operations based in Wellington.
The new partnership became official on 1 July, 2014, with two of the existing shareholders, Nigel Smith plus Conrad and Julie Shanley continuing as shareholders.
Led by general manager Conrad Shanley, Wilkinson’s was established in 1997 and now manages a large client base both locally and nationwide.
Says Shanly: “We were looking for ways to continue to accelerate our growth and partnering with Rothbury
, who are New Zealand’s 4th largest broker, will provide a platform to focus on growth opportunities.”
was attracted to Wilkinson’s for its similar client focussed approach to delivering clients with independent professional service. Also, their sizeable footprint in the corporate and larger commercial insurance sector is expected to significantly strengthen Rothbury
’s nationwide capability.
The addition, which will make Wilkinson’s Rothbury
broking branch, also increases the number of people working for Rothbury
nationwide to 220.
The business is based in Wellington with a team of 18 people, and will remain as a stand alone operation. During the coming months Wilkinson’s will be transitioning to take on Rothbury
managing director Roger Abel
said the partnership was great news
for their future growth and an exciting time for the business.
has been focusing on a number of growth opportunities including expanding our corporate capability,” he said.
“We are looking forward to working with the Wilkinson’s team, and I firmly believe this partnership will be hugely beneficial to both businesses.”