Gallagher Insurance New Zealand has acquired 2Insure for an undisclosed amount, a move that further consolidates its position as a leading insurance brokerage in the country. Gallagher, formerly known as Crombie Lockwood, has been arranging comprehensive insurance coverage for New Zealanders since 1978. Operating from over 30 offices nationwide, its brokers combine deep local and industry knowledge with extensive insurance expertise to protect approximately 115,000 clients across business, rural, personal, and life and health insurance sectors. The company is also a significant part of Arthur J. Gallagher & Co., one of the world's largest insurance brokerage, consulting, and risk management firms, a relationship established in 2014.
This acquisition sees Gallagher Insurance New Zealand integrate 2Insure’s operations, expanding its existing capabilities and client network. While specific details of 2Insure’s offerings were not disclosed, its absorption into Gallagher is strategically aligned with enhancing the acquiring company's presence and service delivery within the New Zealand insurance landscape. The strategic rationale behind this purchase is to leverage collective strengths, broaden client accessibility, and deepen Gallagher's market penetration.
Expected synergies include an expanded client base and a strengthened service portfolio, enabling the combined entity to offer more comprehensive and localised insurance solutions. Gallagher's established infrastructure, global backing, and commitment to community initiatives, such as its partnerships with Save the Kiwi and Trees for Survival, will now encompass the acquired operations. This corporate acquisition underscores Gallagher's continuous investment in the New Zealand market and its dedication to safeguarding clients and communities.
Looking ahead, the integration of 2Insure into Gallagher Insurance New Zealand is anticipated to result in a more robust and efficient insurance brokerage. The combined entity is poised to deliver enhanced value to clients through a wider range of tailored insurance products and continued expert advice, reinforcing its role as a trusted partner for New Zealanders needing protection against various risks.