Gallagher has expanded its presence in New Zealand with the acquisition of Matt Jensen Insurance Brokers.

The purchase was announced last week but the terms of the transaction were not disclosed.

Based in Taupo, North Island, the broker offers fire, general, and life and health insurance solutions to clients in the region, with a focus on the forestry and transportation industries, and local small and medium businesses.

Gallagher says Matt Jensen – who started the business – and his team will continue to operate from their current location under the direction of Crombie Lockwood CEO Carl O’Shea. Crombie Lockwood is the New Zealand arm of Gallagher.

Mr O’Shea says the expertise provided by Mr Jensen and his team, combined with the national resource and international endorsement offered by Crombie Lockwood, makes for a winning combination.

“Our market scale, specialist expertise and international connections coupled with the deep local knowledge [they] have built up will deliver a really strong insurance broking option to the people and businesses of Taupo and the central North Island,” he said.

Mr Jensen says clients will receive the same level of service they’ve come to expect and looks forward to growing the business with support from Gallagher.

“My goal is to leverage national and global resource offered by Crombie Lockwood to secure the best insurance solutions to meet the needs of both existing and new clients,” he said.