Australian insurance group Market Lane has moved into the NZ market.
Newly established company Market Lane Insurance Group (NZ) Limited will provide underwriting and placement solutions, covering contemporary and future risks.
The new business will be headquartered in Christchurch and led by head of New Zealand operations Kelsey Craver, and senior underwriter Sarah Skelton.
It will operate under the brand name The Barn Underwriting Agency - New Zealand.
The Sydney-based group also operates brands including GOAT Insurance and Fairlight Medical Insurance.
“We are truly excited by our first international expansion and look forward to working with all our partners in the development of the Market Lane business in Australia, New Zealand and abroad,” Group MD David Porteous said.
The capabilities and risk solutions of the New Zealand arm will be comparable to those of the Australian business, with services ranging from central operations to partnerships and engagement, claims and compliance.
Craver has previously held senior positions at Ando Insurance, Aon, and Lions Gate Underwriting in Canada.
Skelton has worked for Ando, Arch Underwriting and Brooklyn Underwriting.
Market Lane launched a wholesale underwriting placement specialist, MLX Risk Partners, last June.
The entity focuses on placements above $200 million in asset value, large and complex general liability exposures and natural catastrophe exposures, and unique or complex occupancy risks.
