Wednesday 30 April

Ando has announced today that it has completed the sale of a significant stake to Envest as was first revealed in December. Since its founding in 2015, Ando has grown into one of New Zealand’s leading insurance providers, managing over NZ$500m in gross written premium.

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,” 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. 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,” Heilig said.

In a show of their ongoing support and confidence in Ando and the New Zealand market, Hollard have committed to an extended long-term underwriting agreement and will remain a cornerstone shareholder.

Ando’s proven, people-and-relationships-first operational model endures with the current executive and senior team remaining significant shareholders.

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For further information please contact:

Email: media@ando.co.nz