Howden acquires Apex Insurance New Zealand to build Pacific broking operation

Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries, as it looks to form a leading broking operation in the Pacific region.

The move is part of a wider strategy from the global insurance group, as it builds on the foundation for the company’s growth plans in New Zealand, as well as the overall servicing capabilities across the region.

The acquisition is also set to bolster Howden’s New Zealand brokerage operation, and is also expected to form an integral cog for the New Zealand broking business comprising of Apex, Wallace McLean and Howden Broking NZ.

Matt Bacon, CEO, Howden Pacific, said: “We are very excited with the acquisition of Apex and honoured that they have chosen to partner with Howden. Apex has long been a fixture of the New Zealand insurance landscape and we’re proud to be at the beginning of the next chapter in Apex’s future.

“This acquisition builds upon and enhances our New Zealand broking strategy, which has seen us grow significantly over the past 18 months, further expanding our presence in this key geographical region.

“We see so many opportunities for the future between Howden and Apex, with an unwavering commitment to continue to offer a choice to clients and access to key broking talent to provide leading insurance solutions.”

Established in 1999, Apex is currently one of the largest privately owned insurance brokers across New Zealand. Headquartered in Auckland, it currently stands as a full-service brokerage that is focused on servicing commercial mid-market, SME and domestic customers across a wide variety of industries including property, bodies corporate, marine, sport, transport.

James McGhie, Managing Director of Apex General Ltd, commented on the acquisition: “The decision to join Howden was easy because of shared values and cultural alignment. Howden is similarly committed to delivering exceptional client service, building long-term relationships to deliver practical and cost-effective solutions.

“As a privately-owned business, Howden’s independence was a key consideration, and we are confident that together we will deliver the very best results for clients.”

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