Australia's 360 acquires New Zealand's TLC Insurance

The acquisition allows 360 to expand its footprint in New Zealand.

Australia’s 360 Underwriting Solutions has acquired a majority stake in New Zealand’s TLC Insurance, an announcement read.

The acquisition opens a platform for 360 to expand its footprint in 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 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 products and more solutions,” said Denis Morrissey, one of 360’s co-founders.