Crombie Lockwood insurance partners

To provide our customers with the best possible insurance and risk management, Crombie Lockwood maintains strategic partnerships with New Zealand's leading insurers.

We also maintain a direct presence at Lloyd's of London via our subsidiary Offshore Market Placements Limited (OMPL).

Insurance partners in New Zealand


Chubb Insurance New Zealand Limited

Rated A+ by Standard and Poor's and AM Best.
Read more on the rating system.

AIG Insurance New Zealand Limited
Rated A by Standard and Poor's. 
Read more on the rating system. 

Lumley, a business division of IAG New Zealand Limited
Rated AA- by Standard and Poor's.
Read more on the rating system.

NZI,  a business division of IAG New Zealand Limited
Rated AA- by Standard and Poor's.
Read more on the rating system.

QBE Insurance (Australia) Limited
Rated A+ by Standard and Poor's.
Read more on the rating system.

Vero Insurance New Zealand Limited
Rated A+ by Standard and Poor's.
Read more on the rating system.

Zurich New Zealand
Rated A+ by Standard and Poor's.
Read more on the rating system.

Insurance partners abroad

Offshore Market Placements Limited (OMPL)

OMPL is a wholly owned subsidiary company of Monument Insurance (NZ) Limited, a Crombie Lockwood group company.

OMPL specialises in placing insurance outside New Zealand, principally at Lloyd's of London. Lloydís is the oldest and most significant insurance marketplace in the world. OMPL is an approved cover holder, with authority to accept risk and pay claims on behalf of the various Lloyd's syndicates.

Crombie Lockwood uses OMPL as an alternative to the local insurance market for standard insurance covers as well as some specialist covers such as fine art, film, aviation and contingency insurance.

All the insurance companies OMPL places cover with carry a minimum of an A rating from the main rating agencies: Standard & Poor's, AM Best, Moody's or Fitch Ratings.

Understanding insurer ratings

Crombie Lockwood will always include the current S&P rating for the underwriters we recommend.

Each insurer is required by law to publish their current rating for financial strength and ability to pay claims. This rating relates purely to the insurer's financial resources. So a strong insurer rating does not necessarily indicate a greater inclination to settle claims, only their financial ability to do so.

The most often quoted ratings system is operated by Standard & Poor's and is based on the following scale:
AAA: Superior
AA: Excellent
A: Good
BBB: Adequate
BB: May be Adequate
B: Vulnerable
CCC: Extremely Vulnerable
R: Regulatory Action

The ratings from AA to B may be modified by the addition of a plus or minus sign to show relative standing within the major ratings categories.