Howden acquires Wallace McLean

Howden has acquired Auckland-based broker Wallace McLean as part of its plans for strategic growth in New Zealand.

Wallace McLean was founded in 2001 and has corporate clients in New Zealand and internationally. It covers various specialisms including property, agriculture, shipping and freight operations, film and entertainment, retail and distribution, and engineering and professional services.

Nigel Wallace, founder and principal of Wallace McLean, said: “We chose to join up with Howden because it offers us international depth and breadth, and allows access to global insurance markets to offset the current New Zealand insurance market conditions. We believe that this strategic partnership will enable us to continue and build on our growth strategies by future-proofing the insurance requirements of our clients.”

Matt Bacon, CEO at Howden Pacific, added: “This is a very exciting time for Howden in the Pacific, and we are honoured that Wallace McLean has chosen Howden to partner with. Wallace McLean is a highly regarded broker, with a very talented and experienced team, and we are delighted to welcome them into the Howden fold. This acquisition is another great step forward in our strategy to expand our platform in New Zealand, and continue to offer a choice to clients and talent in this key Pacific market.

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