By Sophie Boot
Jan. 8 (BusinessDesk) - Multinational insurance claims manager Gallagher Bassett has bought local workplace health and safety services provider TriEx Health, Safety and Wellness for an undisclosed sum.
Gallagher Bassett, which last year bought Australian insurance claims management company Stream Group's New Zealand subsidiary Symetri for up to $25 million, will take on current directors Sarah O’Connell and Rob Acutt through the acquisition. O'Connell will become general manager of TriEx.
"We see this as a great opportunity," said Gallagher Bassett's New Zealand managing director Craig Furness. "GB’s expertise in claim management, rehabilitation and policy administration is well known in New Zealand. TriEx is a proven and trusted provider of occupational health, safety & wellness solutions for New Zealand workers, with a great reputation for excellence."
Gallagher Bassett says it is the largest multi-disciplinary third party claims administrator in New Zealand, and manages claims on behalf of insurers, brokers, government bodies and self-insured organisations. Globally, it says it is the largest property/casualty third party claims administrator and has operations in the US, Canada, UK and Australia.
In New Zealand, it runs an accredited employer programme which reduces employers' Accident Compensation Corp levies if they take on the responsibility of managing workplace health and safety, including claims management and rehabilitation of their own employees following a work injury.