New Zealand broking group Rothbury has agreed to acquire all the shares in Austinsure from Steadfast Group NZ Holdings, effective at the end of this week. 

Austinsure MD Neil Austin is leaving the firm after a long and successful career to focus on outside interests, while a team of eight will join Rothbury. 

“Rothbury’s investment enables Austinsure to further enhance the high level of service provided to their clients by leveraging Rothbury’s services, products and technology infrastructure,” Rothbury MD Roger Abel said. 

“Similarly, Rothbury clients will benefit from the aviation and professional indemnity expertise that Austinsure is renowned for.” 

Rothbury was established in 1950 and has 25 broking locations nationwide and more than 490 staff. It is a member of Steadfast Group.