Wesfarmers expands NZ insurance operations
"Crombie Lockwood and FMR Risk are a great fit. This acquisition is consistent with our strategy to accelerate growth with a focus on delivering customer value. FMR Risk has extensive relationships and specialist services that build on our current capabilities and propels us into a market leading position," said Crombie Lockwood CEO Carl O'Shea.
"For customers, it reaffirms our focus on serving the needs of our local market. Crombie Lockwood is committed to combining the two operations into a prestigious, scalable business that enhances our delivery and innovative offerings to new and existing clients. We look forward to forging a powerful partnership with the FMR Risk team."
Wesfarmers Insurance managing director Rob Scott said the acquisition was a sign of the companies commitment to the New Zealand market.
He said the deal, "further strengthens our broking operations across Australia, New Zealand and the United Kingdom, now with a combined 1,400 employees and in excess of A$220 million of revenue."
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
