The Envest Group (Envest), part of The Ardonagh Group, has completed its acquisition of a significant stake in Ando Insurance Group Limited (Ando), an independent underwriting agency in New Zealand.
Since its founding in 2015 by John Lyon and Dean Edwards, Ando has grown into one of New Zealand’s leading MGAs, managing over NZ$500m in Gross Written Premium across personal and commercial lines.
Envest Agencies CEO Richard Heilig said the completion of the acquisition marks an exciting new chapter for both companies.
“As a significant shareholder, Envest is committed to providing Ando with the resources, expertise, and strategic backing to accelerate its growth. Our shared vision of innovation and broker-first solutions will drive the future of insurance in New Zealand,” Mr. Heilig said.
Ando CEO John Lyon reflected on the significance of the completed transaction, calling it a pivotal moment for the business.
“This milestone marks a natural evolution for Ando, allowing us to build on our strong foundations and take strides toward the future,” Mr. Lyon said. “With the backing of Envest, we are positioned to expand our offerings, deepen our broker relationships, and continue setting new benchmarks for customer service.”
As part of Envest’s expanding portfolio, Ando gains access to a broader network of expertise and innovation, further strengthening its ability to serve the New Zealand market.
ABOUT ANDO
Ando works with New Zealand’s leading broker groups, offering general commercial insurance across property, vehicle, liability, marine and other specialty lines, and personal home, contents, and vehicle cover. As a technology enabled company, Ando specialises in delivering improved customer experiences and better claims processing using its proprietary Gradient Portal. Ando is an underwriting and claims agent of Hollard, a coverholder at Lloyds and agent of HDI Global Specialty SE—New Zealand.
ABOUT ENVEST
Headquartered in Brisbane, Sydney, and Melbourne, Envest is a focused insurance distribution business that delivers creative solutions for customers and partners in Australasia. It is the growth platform for The Ardonagh Group in the region.
With over 50 Australian and New Zealand insurance brands, including the Aviso Group, PSC Insurance Brokers, Resilium, and 20 specialist underwriting agencies, Envest provides trusted advice and service to more than 450,000 customers across Australia. The Envest Group collectively employs more than 1,600 staff in 65 office locations around the nation.
THE ARDONAGH GROUP
The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker. Ardonagh is a collection of best-in-class entrepreneurial and specialist brands with a combined workforce of over 10,000 colleagues and a network spanning 200+ locations in more than 30 countries. Across its portfolio, Ardonagh offers a highly diversified range of insurance-related products and services.
