New insurer expands

A recently-established Australian insurance company is set to enter the New Zealand market alongside an underwriting agency following receipt of its insurance licence.

Ando Insurance has paired up with Hollard to launch in New Zealand, with the intention of challenging the traditional insurance company model through customer-centric technology.

Founded in 2015 by past-Lumley CEO John Lyon and COO Dean Edward, Ando will provide general insurance products to New Zealand, with Holland as shareholder and underwriting partner.

Hollard CEO Richard Enthoven says: “New Zealand is a market in which we have had an interest for some time. For us it was about finding the right people and entrepreneurial culture to help build a business in what is a competitive market.”

“Hollard has built a track record of backing individuals into their own insurance businesses with start-up capital and underwriting support,” Hollard adds.

“Typically these entrepreneurs have a niche product or distribution opportunity. The team at Ando fit this criteria along with some innovative solutions to bring to market.”