Last week was the 2013 New Zealand Insurance Industry Awards, which united all sectors of the Insurance Industry to recognise the highest standards of excellence, professionalism and performance of individuals or organisations.
Crombie Lockwood was a finalist in four categories at the awards; Emerging Young Professional of the Year (Chris Bull), Lifetime Achievement Award (Dennis Mahony), Large Broking Company of the Year (Crombie Lockwood) and Insurance Leader of the Year (Carl O’Shea).
We are extremely pleased to announce that Carl O’Shea won the Insurance Leader of the Year award, recognising his outstanding leadership qualities to the benefit of the insurance market in New Zealand.
Carl’s key achievements over the span of his Crombie Lockwood career include business innovations; commercial success and an unstinting commitment to our company and the industry.
You may or may not know, Carl founded the Wellington office of Crombie Lockwood in 1987. Within ten short years it had become the largest single office in the rapidly growing group.
During this time Carl developed the Te Kohanga Reo managed fund; Uni-Care (NZ’s largest international student insurer); personally managed a client portfolio of $1+million; and oversaw or participated in a string of strategic acquisitions. He also directed the establishment of what is now a $200 million premium funding company; the nurturing of NZ’s largest Lloyd’s agency; the creation of an ongoing Life & Health operation and the corporate preparation for the company’s sale to Wesfarmers.
Following his securing of Colin Crombie’s shareholding in the company, Carl was appointed CEO in 2009 and set about structuring the company for its major expansion strategy.
Having worked through all the issues in preparation for the sale to Wesfarmers, Carl was ideally equipped to initiate and direct his own acquisition strategy. The outcome has been remarkable:
• The company has trebled in size (from 290 to 800 staff) over the ensuing four years and quadrupled its billings
• Although two of them were particularly large and complex there were 11 acquisitions in total over the period
• Not one single ‘acquired talent’ was lost to the business
Two years ago Carl initiated another ‘super project’ – the installation of a new multi-million dollar operating system across the entire network; progressively phasing out five different platforms and system versions; all during business as usual and while meeting national and shareholder deliverables and deadlines.
As well as being our CEO and Director, Carl is Director of OAMPS Australia and a member of the Wesfarmers Insurance executive committee.
We couldn’t be prouder of Carl’s achievements and are very fortunate to have a leader who constantly strives for the highest standards in terms of integrity, professionalism, accuracy and innovation.
We certainly have a bright future ahead of us with the Insurance Leader of the year as CEO.