How Will Lockton’s Partnership with Blues Enhance Community Resilience?

October 11, 2024

Lockton New Zealand has signed a comprehensive three-year partnership agreement with the Blues rugby organization, establishing itself as the official insurance broker for the team. This collaboration aims to not only enhance risk management and resilience within the Blues’ organization but also to extend these security measures to broader community initiatives. The partnership lays significant emphasis on shared growth, expertise transfer, and community engagement, illustrating Lockton’s pivotal role in various aspects of the Blues’ operations.

Comprehensive Risk Management and Resilience Enhancement

Lockton’s Key Role in High Performance Development

Under this newly established agreement, Lockton will become an indispensable partner in the Blues High Performance Development Program. This means providing vital support for age group teams such as the U20, U18, and U17 squads. By doing so, Lockton aims to contribute to the nurturing of young talent, offering not only financial backing but also strategic guidance in areas like risk management and analytics. This is viewed not merely as a sponsorship deal but as a strategic collaboration in which Lockton’s specialized expertise can bolster the Blues’ overall operational maturity and resilience.

Blues CEO Andrew Hore stresses that the partnership transcends monetary support. It brings substantial knowledge transfer in critical aspects such as risk management and analytics, elements that can leave a lasting legacy not just for the Blues but also for the larger community in which they operate. This aligns with the shared vision both organizations have for sustainable and long-term growth. This strategic collaboration is envisioned to enhance the Blues’ performance on and off the field, making them more resilient and better prepared for future challenges.

Community Engagement and Charitable Initiatives

Additionally, the partnership will see Lockton working closely with the Blues Charitable Trust to contribute to a variety of community programs and activities. Beyond the rugby field, Lockton’s involvement with the Trust underscores its commitment to community-centric values. This partnership facilitates active participation in local initiatives and volunteer efforts. Through this engagement, both organizations aim to drive positive social impact, thereby strengthening their ties with the communities they serve.

Lockton New Zealand CEO Craig Buckle highlighted the potential for both organizations to innovate and grow together through this partnership. He emphasized that, while Lockton has a global presence, its operations in New Zealand are comparatively new. This collaboration is synergistic, aligning well with Lockton’s core focus on service excellence and community involvement. Together, Lockton and the Blues aim to foster an environment of growth, innovation, and resilience, thereby contributing to the broader social fabric.

Innovative Solutions and Community Support

Addressing Rising Insurance Premiums

In a related initiative, Lockton recently assisted a New Zealand property company in tackling the challenge of escalating insurance premiums, particularly for assets located in high-risk seismic zones. By creating a captive insurance company and developing a reinsurance plan, Lockton enabled the property firm to secure more favorable insurance terms and reduce its premium costs. This initiative stands as a testament to Lockton’s expertise in innovative risk management solutions.

Lockton’s approach involved analyzing the specific risks associated with seismic activities and tailoring a bespoke insurance solution that mitigated these risks. The property company benefited not only from reduced premiums but also from improved terms that offered greater financial stability. This successful project underscores Lockton’s broader capabilities in delivering customized, effective solutions in complex risk environments. Such initiatives highlight why Lockton was the ideal partner for the Blues.

Broadening the Scope of Engagement

Lockton New Zealand has entered into a comprehensive three-year partnership agreement with the Blues rugby organization, establishing itself as the official insurance broker for the team. This collaboration is designed to bolster risk management and resilience within the Blues’ framework, ensuring that the team’s operations are more secure against potential setbacks. Beyond the immediate benefits to the team, this partnership also aims to extend these risk management strategies to community initiatives, promoting broader security measures. Key elements of the arrangement include shared growth, the transfer of expertise, and a strong focus on community engagement. Lockton’s involvement is pivotal, as it seeks to enhance not only the Blues’ on-field performance but also their off-field contributions to the community. Through this agreement, Lockton is committed to playing an instrumental role in various aspects of the Blues’ operations, highlighting the company’s dedication to both the team and the community at large. This partnership underscores the importance of collaboration in achieving mutual success and community resilience.

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