McLarens has acquired the entirety of New Zealand loss adjusting and claims management firm CNZ Group and its subsidiaries. Financial terms of the transaction were not disclosed.
Prior to the acquisition, CNZ Group was an employee-owned and operated affiliate of Crawford & Company. It has 26 offices across New Zealand and has more than 200 employees. CNZ Group offers claims handling and dispute resolution, across multiple business lines including property, business interruption, construction & engineering, casualty, motor, marine and professional building consultancy. It also maintains a broad supplier network for reinstatement services in the country.
According to a statement by McLarens, the acquisition represents a perfect fit with its focus on expanding its global footprint and complements its existing presence in Australia and the Pacific Islands.
“CNZ Group and its operating companies will contribute significant scale to McLarens’ loss adjusting and claims management business with added technical expertise, innovative technology, and international CAT management capabilities,” the statement said.
Following the transaction, CNZ Group will become part of McLarens’ global core loss adjusting and claims management services operating under the McLarens brand. The business will continue to be led by Dean Garrod, as managing director of McLarens New Zealand, supported by CNZ Group’s current senior staff, who will remain in their existing roles.
“CNZ Group complements this commitment to our clients and is a perfect fit with our growth strategy,” said Gary Brown , CEO of McLarens. “The company has strong leadership and has made significant investments in innovative technology and infrastructure. Their sound reputation is recognized throughout New Zealand and the Pacific Islands, and is associated with quality, innovation, dependability, and the best customer service. We are excited to add the CNZ Group to the McLarens family.”
Insurance Business NZ
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