Crombie Lockwood

Name

Crombie Lockwood

Legal name

Arthur J. Gallagher & Co (NZ) Limited

Website

https://crombielockwood.co.nz

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Crombie Lockwood is a New Zealand insurance brokerage (operating as Gallagher Insurance NZ) that places business, corporate, and personal insurance through a national broker and branch network, earning carrier commissions across more than 20 industry verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance brokerage commissions and fees: Crombie Lockwood operates as an insurance broker earning commissions from insurance carriers for placing business. Additional revenue comes from premium funding services (interest charges on instalment payments) and credit card processing fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Crombie Lockwood operates as a New Zealand insurance brokerage, arranging and placing business, corporate, personal, and industry-specific insurance policies with multiple insurers on behalf of clients. The firm provides expert broker advice, claims support, and risk advisory, complemented by a premium instalment payment plan delivered in partnership with Monument Premium Funding.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Insurance Comprehensive commercial insurance coverage for businesses including business interruption, liability, commercial motor, cyber, employee benefits, marine, professional indemnity, rural, schools, SME, and business travel insurance.
• Corporate Insurance Enterprise-level insurance solutions covering directors and officers liability, insolvency and turnaround insurance, risk engineering, and trade credit insurance for larger corporate clients.
• Personal Insurance Individual insurance products including boat, car, contents, home, landlord, life and health, travel, and pet insurance for personal insurance clients.
• Industry-Specific Insurance Specialized insurance solutions for sectors including aged care, healthcare, agriculture, aviation, bloodstock, construction, education, energy, entertainment, financial services, forestry, hospitality, manufacturing, marine, mining, not for profit, professional services, technology, trades, and transport.
• SMARTpak A bundled insurance package offering multiple coverages designed for specific business needs, provided under the business insurance line.
• Onesurance Personal insurance coverage option offered to individuals through the personal insurance line.
• Regular Payments Plan Instalment payment plan that spreads insurance premium payments throughout the year, provided in partnership with Monument Premium Funding, allowing businesses to combine multiple commercial policies into one monthly payment.
• Health and Safety Solutions Risk management and health and safety advisory services supporting businesses to identify and address workplace risks.
• Employee Benefits Programmes Group insurance and benefits packages arranged for businesses to attract and retain employees.
• Risk Engineering Corporate risk assessment and engineering services to identify and mitigate business risks for corporate clients.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Broad incumbents

• Brown & Brown, Inc. Brown & Brown is a large US-listed insurance brokerage with international operations. Comparable as a global insurance broker peer offering commercial, personal, and specialty insurance placement—similar business model to Crombie Lockwood at larger scale.
• Hub International Limited: Hub International is a major North American insurance brokerage with commercial, personal, and employee benefits lines. Comparable as a mid-to-large global broker with similar product breadth and distribution model to Crombie Lockwood.
• Arthur J. Gallagher & Co (Global): Arthur J. Gallagher & Co is the ultimate parent of Crombie Lockwood and one of the largest global insurance brokerage and risk management firms (NYSE: AJG). Comparable as the parent organization providing global platform, capital, and product capabilities that Crombie Lockwood leverages.

Direct peers

• Rothbury Insurance Brokers: Rothbury is one of New Zealand's largest independent insurance brokerages, offering commercial, personal, and specialist insurance across the country. Directly comparable as a NZ-headquartered broker competing in the same commercial and personal insurance segments.
• ICIB Brokerweb: ICIB Brokerweb is a New Zealand insurance broker network providing commercial and personal insurance products across multiple brokerages. Comparable to Crombie Lockwood as a NZ broker distribution model aggregating local brokers to access carrier markets.
• Willis Towers Watson New Zealand: WTW operates a global insurance brokerage and advisory business with a New Zealand office serving corporate and commercial clients. Comparable to Crombie Lockwood across risk advisory, insurance placement, and human capital/employee benefits services.
• Delta Insurance: Delta Insurance is a New Zealand specialty insurer and underwriting agency offering niche commercial lines including cyber, financial lines, and professional indemnity. Comparable to Crombie Lockwood's specialty commercial lines offering, particularly for hard-to-place corporate risks.
• Marsha New Zealand: Marsh is a global insurance broker and risk advisor with NZ operations serving commercial, corporate, and specialty clients. Directly competes with Crombie Lockwood across commercial insurance placement, risk consulting, and specialty lines in New Zealand.
• Aon New Zealand: Aon is one of the world's largest insurance brokers with a substantial New Zealand presence, offering commercial risk, reinsurance, and human capital solutions. Directly comparable as a multinational broker competing for the same NZ corporate and commercial clients as Crombie Lockwood.

Regional players

• Steadfast Group: Steadfast is Australia's largest general insurance broker network, aggregating underwriting agencies and brokerages across Australia and New Zealand. Comparable as a regional broker aggregator/distributor with similar business model, though primarily operating in Australia rather than NZ.

Market position

Customer concentration

• YouTubeyoutube.com/channel/UCbcTVp7bi02Ub9QU6F-M2VQ
• Facebookfacebook.com/gallagherinsurancenz
• LinkedInlinkedin.com/company/gallagherinsurancenz
• Instagraminstagram.com/gallagherinsurancenz
• Xx.com/CrombieLockwood

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crombie Lockwood