AUB takes stake in New Zealand broker
AUB Group has entered into an equity partnership with New Zealand’s Northco Insurance Brokers.
Northco is based in Wairarapa, North Island, offering general and life risk advice for individuals and businesses. For its fire and general business, it is part of the AUB-owned NZbrokers network.
AUB says the partnership will strengthen its collaboration across NZbrokers and aligns with its goal to expand throughout the country.
“Northco’s management will retain a significant shareholding, enabling them to continue to adopt an entrepreneurial focus for the business,” AUB says in a LinkedIn post.