
Celebrating 50 Years Of Risk And Insurance Broking In New Zealand
Our journey began on 7 July 1975, when Colin Evans and James Crisp Limited started Industrial and Commercial Insurance Brokers (ICIB) Ltd.
Since then, we have evolved significantly through a range of mergers and acquisitions and are now called the ICIB Brokerweb Group.
With over 320 people in 18 branches across New Zealand, the company is now New Zealand's fifth largest insurance broking firm and risk advisory.
We still have two employees that worked for the original business, clients that have remained with us throughout, and several more customers who have been with us for many years.
Managing Director Grant Milne says of this milestone –
'We are not only extremely proud of our Kiwi heritage over the last 50 years, but the fact that our business is still managed by employee shareholders. Having acquired three small broking firms this year alone we look forward to our continued growth, whilst still maintaining our focus on building valued client relationships and providing excellent risk and insurance advice to our clients.'
50th anniversary community support
As part of our 50th celebrations, we are raising funds to support three charities, selected by our team.
Hospice
Women's Refuge
SPCA
Donations can be made through our Give a Little page – https://givealittle.co.nz/fundraiser/icib-50th-birthday-fundraiser
About ICIB Brokerweb
ICIB Brokerweb is a nationwide Insurance Brokerage and Risk Advisory business with 15 locations across NZ, along with 50 years of established history as professional risk advisors to businesses and individuals.
We have specialist capabilities in the areas of corporate, commercial, food and beverage, transport, manufacturing, engineering, hire & rental, employee benefits and personal lines.
We are part of the AUB Group of companies and members of the NZbrokers network.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Spinoff
an hour ago
- The Spinoff
Why economists are betting on the OCR holding steady today
Inflation uncertainty is driving expectations that the Reserve Bank will hit pause on cash rate cuts, writes Catherine McGregor in today's extract from The Bulletin. RBNZ set to keep cash rate steady The Reserve Bank is widely expected to push pause on its series of cuts when it announces its latest Official Cash Rate (OCR) decision today. After six consecutive cuts since August last year — slashing the OCR from 5.5% to its current 3.25% — economists say the mood has shifted. ANZ's Sharon Zollner describes the call as a 'very close-run thing', giving odds of around 40% that the bank will cut. But the consensus is that acting governor Christian Hawkesby and the monetary policy committee will leave rates unchanged for now, Newsroom's Andrew Patterson reports. Financial markets are putting the chance of a cut today at under 20%, with a much stronger expectation that any move will come at the next review in late August. Mixed signals cloud the outlook As Interest's David Hargreaves explains, the Reserve Bank faces a complex set of signals. On one hand, GDP for the March quarter outstripped forecasts, rising 0.8% – double what the RBNZ predicted in May. But more recent indicators look weaker: retail spending remains soft, business sentiment surveys are downbeat, and the unemployment rate appears to be nudging higher. Bernard Hickey points out in The Kākā that the Reserve Bank's new 'Kiwi-GDP nowcast' shows GDP falling back into recessionary territory over the last three months. (See the graph here). Meanwhile, inflation remains stubborn in key areas like food, where prices climbed 4.4% in the year to May. Many bank economists still see annual inflation running slightly above the RBNZ's target range of 1%–3% for the next quarter or two. 'If it's short term that's not really a problem,' Hargreaves writes. 'Where it becomes a problem is if the public starts to expect future inflation and begins to act accordingly.' For the Reserve Bank, the risk is that high prices for groceries and other essentials could reignite those dreaded 'inflation expectations' – something it worked hard to rein in after inflation spiked to over 7% in 2022. That risk alone makes another cut today unlikely. Modest gains for mortgage holders For homeowners, the likely pause means no big drop in mortgage rates in the short term, reports Taylor Rice of 1News. Average rates have already fallen significantly as the OCR has come down: the typical floating rate now sits at 6.92%, while the average one-year and two-year fixed rates are both just over 5.6%. Infometrics' Brad Olsen says he continues to believe that 'mortgage rate cuts have largely run their course' unless the economy deteriorates further. Still, plenty of homeowners who fixed at higher rates are about to refix at these lower levels, offering some relief for household budgets. Such a modest boost for borrowers doesn't look set to spark a fresh housing boom. Asking prices are trending down across the main property platforms, Interest's Greg Ninness reports. saw a 3% drop in national asking prices last month alone, while Trade Me Property shows three straight months of declines. Combine plentiful listings with rising caution about job security, and economists see little chance of prices taking off anytime soon. Household inflation data back this October Meanwhile, The Post's Kelly Dennett (paywalled) reports that Stats NZ's long-delayed Household Living-Costs Price Index (HLPI) will finally return in October, releasing figures for the March, June and September quarters all at once. Stats NZ says 'technical data-processing challenges' are to blame for the extended delay. Unlike the Consumer Price Index (CPI) – the RBNZ's main target for monetary policy – the HLPI measures cost pressures faced by different household groups such as superannuitants, beneficiaries and Māori households. Its return will help officials get a clearer picture of who is feeling the pinch and how. A RBNZ spokesperson said it would welcome the HLPI's return, but the pause had not compromised the bank's ability to do its job.


Scoop
19 hours ago
- Scoop
Government AI Strategy To Boost Productivity
Minister of Science, Innovation and Technology Science, Innovation and Technology Minister Dr Shane Reti has launched New Zealand's first AI Strategy to boost productivity and grow a competitive economy. 'AI could add $76 billion to our GDP by 2038, but we're falling behind other small, advanced economies on AI-readiness and many businesses are still not planning for the technology,' says Dr Reti. 'We must develop stronger Kiwi AI capabilities to drive economic growth, and this Strategy sends a strong signal that New Zealand supports the uptake of AI. 'The Government's role in AI is to reduce barriers to adoption, provide clear regulatory guidance, and promote responsible AI adoption. 'We're taking a light-touch approach, and the Strategy sets out a commitment to create an enabling regulatory environment that gives businesses confidence to invest in the technology. 'Private sector AI adoption and innovation will boost productivity by unlocking new products and services, increasing efficiency, and supporting better decision-making. 'New Zealand's strength lies in being smart adopters. From AI-powered precision farming techniques to diagnostic technology in healthcare, Kiwi businesses can tailor AI to solve our unique challenges and deliver world-leading solutions.' The Strategy aligns with OECD AI Principles and the Government will continue to work with international partners on global rules to support the responsible use and development of AI. 'New Zealanders will need to develop trust and give social licence to AI use, so the Government has also released Responsible AI Guidance to help businesses safely use, develop and innovate with the technology,' says Dr Reti. The Government will use existing legislation and regulations such as privacy, consumer protection and human rights, to manage risk and privacy concerns.


Scoop
20 hours ago
- Scoop
How Tech Can Help Turn The Mental Health Tide (Affordably) For SMBs
Press Release – Employment Hero Solving mental health at work isnt about throwing money at the problem – its about designing systems that meet people where they are at and that scale as they grow. When it comes to workplace mental health, the question isn't 'Should we care?' but rather 'How can we afford not to?' Unfortunately, burnout has become business as usual. A 2024 Employment Hero survey f ound 61% of Kiwi workers had experienced burnout in the past three months. That number jumps to 70% for Gen Z, driven largely by financial pressure and unrelenting workload. On the Clearhead platform, 77% of users cite work demands as their top source of mental health strain. This isn't a 'nice to solve' problem; it's a national issue that affects productivity and for small and medium-sized businesses (SMBs), it's a particularly tough one. The old EAP model isn't working Traditionally, the go-to solution for workplace mental health has been Employee Assistance Programmes (EAPs). But the cracks are starting to show. These programmes were built around a one-employer, one-contract model often with in-person counselling as the default. That means long lead times, location limits and high fixed costs for services that might be barely used. The recent spate of large, well-resourced companies canning their traditional EAPs is testament to the need for a better solution. If multinationals like Xero, who recently ceased its EAP for 400,000+ small businesses, cannot sustain such a program, what hope do smaller businesses have? SMBs today often find themselves forced to choose between compliance tools, payroll platforms and wellbeing support – which is a trade-off no business should have to make. In a world where burnout is rising and budgets are tight, we need a new, fit-for-purpose model. Pooled, digital, and scalable That's exactly why Employment Hero partnered with Clearhead – to help build a modern mental health model that actually works for SMBs. Here's how it's different: It's digital: Employees can access therapy, resources and coaching from anywhere, anytime without waiting for a phone call back. It's pooled: Costs are spread across thousands of Employment Hero customers, lowering the barrier to entry for smaller businesses. It's integrated: Because the service is bundled into their core HR platform, support is available without a separate contract or platform and associated costs to manage. It's always on: Employees don't have to go through a manager or HR rep to get help as they can book directly and confidentially through the Clearhead platform. This isn't a token wellness add-on; it's a new way of thinking when it comes to how workplace mental health support is delivered – affordable, accessible and scalable. Real-world impact Solving mental health at work isn't about throwing money at the problem – it's about designing systems that meet people where they are at and that scale as they grow. Since launching, the two companies have seen early signs of success. Businesses that previously couldn't justify a standalone EAP now have support built into the system. Employees are engaging directly and HR leaders are reporting better visibility into wellbeing trends and less admin. Where to from here? As burnout continues to rise – pooled, tech-enabled mental health support is part of the long-term solution. It doesn't replace empathy, culture or good leadership but it does make help more accessible, particularly for the tens of thousands of Kiwi businesses that need more support but have been priced out until now. Because when mental health becomes a shared priority, everyone wins.