PSC Insurance Brokers has expanded in New Zealand with the acquisition of Sepio Insurance, based in Pukekohe, south of Auckland. 

Ben Goodall, CEO of Envest-owned PSC, says Sepio boss Mark Davie – who is staying on with staff members Ana Maxwell and Boston Davie – brings great experience and industry knowledge to operations in New Zealand. 

“We are looking to grow our scale and expertise in the New Zealand market, both organically and with strategic acquisitions and talent hires,” Mr Goodall said. 

PSC’s New Zealand national manager William O’Brien says the business now has more than 40 employees and manages more than $NZ60 million ($56 million) in gross written premium. Before the Sepio deal, it had offices in Auckland, Christchurch, Hamilton and Kapiti, and it has a Mandarin-speaking team. 

“This opportunity follows in the footsteps of the Ardonagh Group buying PSC and rolling its New Zealand and Australian assets into the Envest Group, which has a clear strategy to build its presence locally,” Mr O’Brien said. 

Mark Davie was previously an authorised representative of PSC Connect. 

“Over the past five to eight years, we’ve worked hard on building the business independently, and I’m now looking forward to having a lot more support and enjoying a better work-life balance,” he said. 

The Envest Group says it has several other New Zealand acquisitions in the pipeline and continues to invest in platforms and technology to enhance the speed and efficiency of its broking operations.