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Cosignia acquired

It will be business as usual for insurance advisers who deal with Cosignia, despite the sale of the firm’s assets to Australia’s largest third-party claims administrator.

Wednesday, May 13th 2015, 6:00AM

by Susan Edmunds

Cosignia provides third-party administrator services to more than 80,000 people across New Zealand in health insurance, life insurance, disability insurances and trauma cover.

It was announced this week it had been acquired by Australian firm Gallagher Bassett.

Cosignia chief executive, now Gallagher Bassett managing director in New Zealand, Craig Furness said many insurance advisers who transacted group business had dealings with Cosignia.

But little would change for them, he said. The same services would continue to be provided, by the same people and using the same processes.

Long-term, the move would give the firm the backing of more resources.

He said the development would combine Gallagher Bassett’s global claims management expertise with Cosignia’s market leadership in the risk and health insurance sector to provide an enhanced service offering to existing and new clients.
Gallagher Bassett’s current managing director New Zealand, Shayne Milsom will be returning to a senior leadership role within the Australian operation.

Gallagher Bassett Australia’s managing director Jon Winsbury said the acquisition would strengthen the company’s offer to the New Zealand business market.

Tags: health insurance Life insurance

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