New Zealand’s leading rural insurer, FMG today announced the acquisition of Quadrant Insurance Group, the country’s leading provider of comprehensive equine and livestock related insurance.
According to FMG Chief Executive Chris Black, “Quadrant is a strong strategic fit for FMG. We have worked with Quadrant in the past and there are natural synergies between the two companies that make acquiring their specialist portfolio an ideal investment as part of a broader growth strategy.”
Quadrant Insurance Group has been insuring bloodstock for over 25 years, providing comprehensive ‘stand alone’ or speciality packaged equine protection solutions. Mr Black says, “Quadrant products have been developed by people with both proven insurance industry experience and a strong understanding of the equine, thoroughbred, standard bred and livestock related businesses.”
“This acquisition will make it easier for our clients to obtain advice and insurance to address all their business, personal and lifestyle risks in one go through FMG who now have everything under the one roof,” commented Mr Black.
Under the agreement, Managing Director of Quadrant Insurance Group, Mike Parkinson, will join FMG on a two year contract to support the transition of the business to FMG and assist further develop the product portfolio.
For more information contact:
Glenn Croasdale
Marketing Manager
Mobile: 0275 050 734
04 460 4075
glenn.croasdale@fmg.co.nz
Mike Lange
GM Product & Services
Mobile: 0274 968 883
04 460 3979
mike.lange@fmg.co.nz