Insurance Advisernet New Zealand Ltd (“IANZ”) has today announced its resignation as a corporate member of NZbrokers Management Limited (NZbrokers)
Shaun Standfield Managing Director for Insurance Advisernet Australia and New Zealand said, “Insurance Advisernet New Zealand has grown significantly in the last three years. The collective strength of the group across Australasia allows us to stand independently, with in excess of $600million in GWP, over 200 member broker firms and 75000 clients”. Shaun thanked NZbrokers for their support noting that Insurance Advisernet Australia’s relationship with AUB group who is the largest shareholder of IA remains unchanged.
Jo Mason, CEO of NZbrokers said “We wish The Insurance Advisernet team all the best in their future endeavours. Collectives have an important role to play in our industry, particularly as compliance and regulation challenges increase. The NZbrokers network now manages in excess of 620M GWP, following Insurance Advisernet NZ’s departure. With this representing the New Zealand share of the AUB Group 4.8 Billion GWP across Australasia, we will continue investing and enabling our 57 members to grow and support their clients, in this changing regulatory landscape.”
About Insurance Advisernet
Insurance Advisernet (IA) was formed in Australia in 1996 and in New Zealand in 2006 and represents 50 brokers located throughout the country.
About NZbrokers
NZbrokers is New Zealand’s largest insurance broking collective, representing more than 57 independent businesses across the country in 96 locations.
