360 Underwriting Solutions is delighted to announce that it has acquired a majority equity stake in TLC Insurance New Zealand.
TLC is a boutique underwriting agency specialising in all types of mobile plant and heavy machinery solutions in addition to its specialist focus on the Forestry sector.
The acquisition is the first significant announcement for 360 following the partnership with AUB Group in December last year and creates a strategic platform for 360 to expand its footprint in New Zealand.
Denis Morrissey, one of the Founders of 360 outlined the benefits of the acquisition, “ The acquisition of TLC not only announces our move into the New Zealand Market but also enhances our capability in the mobile plant and equipment segment. It also provides us with the foundation to build on the suite of products that TLC offers to increase our relevance to our broker partners in New Zealand by ultimately offering more product and more solutions.”
“As we near the fourth anniversary of the creation of 360 , the move into New Zealand was a natural progression for our ever-expanding network. It will enable TLC to become even stronger and more dominant in their chosen niche market while it will allow 360 to offer other relevant and bespoke underwriting options that will complement TLC’s existing products and maximise coverage for their clients,” said fellow Founder Chris Lynch.
It is expected that additional products and new partnerships will be announced by 360 in the coming weeks.