NZbrokers Continues to Build Strong Momentum with Acquisitions and New Members


February 27, 2018 – NZbrokers continues to build momentum through strong growth within the current network and a solid pipeline of potential acquisitions and new members, having grown from 56 to 60 partners in the last 12 months.

Jo Mason, CEO, NZbrokers, said, “Our broker network now represents more than 164,000 clients in more than 85 locations across the country, which is a 35 per cent increase on 12 months ago.

“It’s fantastic that our network is growing across all metrics. We believe this reflects the value of the collective and our members seem to agree, having rated us a Net Promoter Score of 34+, which is phenomenal considering the industry average is 4.”

NZbrokers’ Gross Written Premium (GWP) increased by 20 per cent over the past 12 months, further solidifying its position as the largest broking management group in New Zealand. While premium rates are hardening, these are inconsistent across geographies and classes, and the overall market remains competitive.

As a part of its strategic goals, NZbrokers is focused on driving benefits that add value and enhance its partner businesses. This includes significant investment and resource allocations in developing technology that supports the insurance broking needs for clients now and into the future.

Jo Mason said, “NZbrokers is also investing in, and implementing, education initiatives and philosophies that will appeal to and support insurance professionals as their needs change. When it comes to education, we believe that financial investment is not the only way. Creating meaningful content that has cut-through and uses new methods and technologies, taking into account how time-poor we all are, are important considerations for the industry in better serving clients.”



About NZbrokers

NZbrokers is New Zealand’s largest insurance broking collective, representing more than 60 independent businesses across the country. From Kerikeri to Invercargill, and everything in between. Recognising the benefits of working together, the driving philosophy behind its rapid success is that each member leverages the strength and capability of the national group, while retaining their successful formula of local knowledge and long-standing relationships.

Each member includes only well-respected and well-established brokers with a common purpose to better serve their clients. And while backed by the professionalism, 30 years’ experience and support of its parent company, AUB Group Limited (ASX:AUB), NZbrokers is locally run, by local professionals, for local businesses.

AUB Group announces 91.5% profit boost

AUB Group has announced that its reported net profit after tax for the first half of 2018 has increased by 91.5%. The firm announced that its reported NPAT has hit $23.4m, compared with $12.4m in the first half of 2017, as adjusted NPAT also rose 15.1% to $16.7m, compared with $14.5m in prior corresponding period.

Profits rose thanks to “strong underlying business performance” as well as profits on sale and non-cash accounting adjustments relating to mergers and acquisitions throughout the half.

Read more:

AUB Group continues strong growth in New Zealand with new acquisition

AUB Group through its equity partner BWRS acquires leading Waikato-based broker, Lowe Schollum & Jones Ltd

Sydney, 4 December 2017 – AUB Group has announced its New Zealand growth and expansion strategy continues to gain momentum as equity partner, BrokerWeb Risk Services (BWRS) expands its national footprint by acquiring Hamilton-based insurance broking firm, Lowe Schollum & Jones Ltd (LSJ), effective immediately.

Mark Searles, CEO and managing director, AUB Group, said, “The market continues to be active, and alongside our strong organic growth, we are elated that we are building further momentum by adding new partners to our network in high growth regions across Australia and New Zealand.”

“This acquisition highlights the long signalled and continued expansion of AUB Group in New Zealand. We are excited for our partner business, BWRS, and its national expansion. While backed by the professionalism and scale of AUB Group and BWRS, LSJ will remain locally run, by local professionals, for local businesses and clients.”

LSJ has more than 1,800 clients and a strong reputation in the Waikato, making it a strong addition to the AUB Group family.


About AUB Group Limited. AUB Group (ASX:AUB) is the leading equity-based risk management, advice and solutions provider in Australasia. Operating across a broad spectrum of risk and insurance, AUB Group is providing total risk solutions for clients. A top 250 ASX listed company, AUB Group comprises 75 equity businesses that form leading insurance broking networks (Austbrokers and NZbrokers), underwriting agencies (SURA) and specialist risk services. Serviced through partners, the group represents more than 450,000 clients, 3,000 employees, across 220 locations. For more information, visit