Vercoe Insurance Brokers
| Primary URL | Location | Industry | vercoes[.]co[.]nz |
Country
New Zealand
|
Financial Services
|
|---|
Profile
Vercoe Insurance Brokers operates as an insurance brokerage firm headquartered in New Zealand. The company arranges insurance policies for clients by assessing their risk profiles and placing appropriate coverage with various insurers. Its services include advising broker clients on suitable insurance products and facilitating policy issuance and claims support. Vercoe serves both broker clients who seek intermediary assistance and insurer clients who rely on the broker to place business. The firm’s core activity is mediating between insurance seekers and underwriters within the New Zealand market.
Vercoe maintains physical offices in the North Island towns of Matamata and Morrinsville, indicating a regional footprint beyond its headquarters. These offices support local client engagement and service delivery for businesses and individuals in those communities. The brokerage works with external technology providers to manage its IT infrastructure and cybersecurity defenses. In the course of its operations, Vercoe handles personal and commercial information entrusted by clients as part of the insurance placement process. The firm’s operational model relies on maintaining trust through accurate advice and secure handling of client data.
On March 5, 2025, Vercoe reported a cyber incident in which its IT systems were compromised, prompting an external investigation. The breach led to the alleged exfiltration of over sixty gigabytes of data, a claim attributed to the ransomware group DragonForce. In response, Vercoe notified the Office of the Privacy Commissioner and the Financial Markets Authority, and informed affected insurer clients about the ongoing investigation. The company stated it would notify broker clients if personal information were found to be compromised and emphasized a serious response involving external security experts. Following the incident, Vercoe restored system access, resumed full operational capacity, and began reviewing its security measures across its offices.