MB Insurance has officially launched in New Zealand, introducing a tailored broker portal and a dedicated prestige motor product to the local market.
Backed by over 35 years of Australian market experience, MB Insurance provides New Zealand brokers with direct access to specialist underwriting for prestige, luxury, high performance and classic vehicles.
History
For over 35 years, MB Insurance has been a long-term MGA within the Australia market, providing peace of mind to broker and customers. MB was acquired by the ATC Group in 2021 and is backed by MS Amlin at Lloyds of London.
Strategic expansion backed by institutional strength
MB Insurance Chairman Shane Sheppard said the expansion is a long-term commitment to New Zealand, designed to give brokers another genuinely specialist option when placing difficult or high value motor risks.
The agency enters the market backed by capacity from Lloyd's of London and its 2021 acquisition by the ATC Group.
"We believe the timing is right because we have reached a point in our journey where the experience, capability and relationships we have built over 35 years in Australia can be brought to New Zealand," Sheppard said. "We are not entering the market simply for growth. We are entering because we believe we can add genuine value."
"Our message to brokers is straightforward: you now have another specialist partner at the table," Sheppard said. "When a broker has a specialist motor risk, particularly a prestige, luxury, high performance or classic vehicle, we want MB Insurance to be one of the first markets they think of."
The offering enjoyed by brokers in Australia consisting of technology, product, and our In-house claims philosophy, is now available in New Zealand.
To find out more, visit our New Zealand website MB Insurance Group - New Zealand