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 www.aubgroup.com.au