McLarens acquires New Zealand's CNZ Group in expansion move

Global loss adjuster McLarens has acquired New Zealand-based claims services company CNZ Group, an operated affiliate of Crawford & Company, in a bid to expand its footprint in strategic geographic markets.

Headquartered in Auckland, CNZ is a large multi-discipline full-service loss adjusting, claims and repair management businesses. It provides full-service claims handling and dispute resolution across multiple business lines including property, business interruption, construction & engineering, casualty, motor, marine and professional building consultancy. The company also has a broad supplier network for reinstatement services in the country.

The move opens new markets for McLarens, building on to its existing presence in Australia and the Pacific Islands, as well as enhances its loss adjusting and claims management capabilities in the region.

Gary Brown, chief executive officer of McLarens, said the CNZ Group "is a perfect fit with our growth strategy. The company has strong leadership and has made significant investments in innovative technology and infrastructure. Their sound reputation is recognized throughout New Zealand and the Pacific Islands, and is associated with quality, innovation, dependability, and the best customer service. We are excited to add the CNZ Group to the McLarens family.”

Dean Garrod, chief executive of CNZ Group, said: “We welcome the acquisition and are delighted to join McLarens. McLarens’ keen interest in entrepreneurial spirit and drive for innovative solutions creates the perfect mix as a global partner to help us take CNZ Group to the next level.”