Howden has acquired Christchurch broker Sherpa, further expanding its presence in New Zealand.

The global intermediary says the investment “reinforces Howden’s strategy to build a leading broking operation in the Pacific region, and a nationwide presence … Locally, the acquisition materially increases [our] footprint in Christchurch, a key commercial hub in the country.”

Sherpa has more than 1100 clients in the corporate, commercial and retail SME segments, supported by 13 employees in its Christchurch office.

The broker offers products including business interruption, cyber, general liability and marine cargo. 

“We see huge potential in Howden combining with Sherpa to provide its existing and new clients easy access to key broking talent and leading insurance solutions across the globe,” Howden Pacific CEO Matt Bacon said.

“This acquisition complements our New Zealand broking strategy, which has seen us grow significantly through organic and inorganic means.

“Sherpa will reinforce our existing presence in a key geographical region.” 

Sherpa director Daniel Mathieson said: “While this partnership with Howden will greatly expand our local presence and further strengthen the service offering to all our clients, it’s not just about growth – it’s about aligning with a team that shares our values: putting people first, backing our team and delivering genuine, expert advice to our clients.”