Rothbury Group has finalised an agreement to acquire all shares of Austinsure from Steadfast Group NZ Holdings Limited.

The move marks a significant expansion for Rothbury as of March 15. It also heralds the departure of Neil Austin, managing director of Austinsure, who will leave the company to pursue new ventures.

What to expect from the Rothbury acquisition

Rothbury managing director Roger Abel (pictured) said that the acquisition is poised to deliver considerable advantages to clients and employees of Austinsure.

“Rothbury's investment enables Austinsure to further enhance the high level of service provided to their clients by leveraging Rothbury's services, products, and technology infrastructure. Similarly, Rothbury clients will benefit from the aviation and professional indemnity expertise that Austinsure is renowned for,” he said. “Growing our business and team across the country has long been part of our growth strategy, and we're excited to be partnering with the team from Austinsure.”

Last year, Rothbury launched an employee assistance program that offers comprehensive and proactive mental health support for its employees.