Janssen teams up with Quest Insurance

Geneva announced this morning that its wholly owned subsidiary, Quest Insurance Group Limited (Quest), has entered into a supply agreement with Janssen Insurance Limited for the distribution of all of Quest’s motor vehicle related products throughout New Zealand. It is expected that the transaction will give Quest a significant lift in market share and profitability, with gross written premium expected to triple in the first year of operation. Janssen Insurance Limited is an insurance sales operations in the Auckland region, with particular focus on Mechanical Breakdown Insurance. Quest Managing Director David O’Connell said, “Operationally the two organisations complement each other almost perfectly, with minimal overlapping functionality. This is a partnership whereby both organisations can expand revenues and profitability as we seek to increase market share in this business segment.”