MEDIA RELEASE Crombie Lockwood NZ Limited
Crombie Lockwood NZ Limited today announced its acquisition of Reid Manson Ltd. Reid Manson has been a leading insurance brokerage in South and Mid-Canterbury for some 30 years and the addition of their Timaru and Ashburton offices gives Crombie Lockwood a total of nine South Island locations. Terms of the transaction were not disclosed.
The announcement comes on the heels of CLNZ confirming its commitment to the Christchurch rebuild by taking a longterm tenancy in the new central city Price Waterhouse Centre.
“The South Island has always been important to us” said Carl O’Shea Crombie Lockwood CEO, “We have a well-established business base here and the inclusion of David Reid’s team and their operations enhances this position.
“Reid Manson has a justifiably strong reputation in its two key markets and we are delighted that their team members are remaining with us to maintain the high level of service their clients currently enjoy.”
David Reid also expressed his positive expectations from the new arrangement; “We have always prided ourselves on bringing the best the market has to offer to our regional clients. I am confident as part of the Crombie Lockwood organisation our capability will be greatly improved including access to global expertise through the Arthur J. Gallagher parentage.”
“It really is a win-win situation; our clients will continue to deal with the same people but with many more resources at their disposal. It is also a significant commercial commitment to our region”, said Mr Reid.
Crombie Lockwood is New Zealand’s largest insurance broker and today’s acquisition is effective 1st November 2015.