Important Announcement: Share Sale Transaction
18 November 2025
Blue Zebra Insurance (Blue Zebra), The Proplab Group (including SGUA and Allstate Underwriting brands) and Point Insurance are in negotiations to form a combined corporate group via a share sale transaction.
The transaction is planned to take place in early 2026 and brings together the four agencies to create a combined corporate group with greater reach and resources, underpinned by the Blue Leopard tech platform.
The combined group will be led by Rowan Watson (current Proplab Group CEO) and will continue to offer the broker market easy access to high quality Landlords, SME, Home & Contents, Personal and Commercial motor, Farm Pack, Cyber and Personal Accident and Sickness products.
Blue Zebra CEO Colin Fagen will move to a non-executive role on the combined board structure, as well as several Envest boards, and will be working closely with Rowan to ensure a smooth transition.
Mr Watson said this is an exciting opportunity for both the staff and broker market, with the team focused on improving product distribution, service and claims in all areas.
“The integration will be focused on how we maintain the unique value proposition of each product, while maximizing cross sell opportunities and give rise to a new and improved way of working,” he said.
“On day one, our brands will continue to operate independently in market, enabling our team to continue to focus on the day-to-day while we work towards finalising the structure and architecture of this new entity.”
Mr Fagen said Blue Zebra, Proplab and Point already shared commonality of platforms and processes, with Point, Allstate and Blue Zebra trading on Blue Leopard, and Blue Zebra and SGUA products distributed via SCTP.
“As Envest-backed agencies, we have a good understanding of each business and how we complement each other.”
“Exciting times are ahead as we bring together our teams and work through our next steps, and importantly for clients and brokers, the products, your contacts and our processes will remain consistent as we work through the finer details.”
Mr Watson said more information about the new business structure would be provided to brokers and clients in the new year.
Blue Zebra, Proplab and Point are backed by the Envest Group, part of the global Ardonagh Group. The consolidation of like-minded agencies is closely linked to Envest’s remit to support excellence in insurance distribution in Australian and New Zealand markets.
Media enquiries: Megan Houston: megan@envest.com.au
About Rowan Watson
Rowan is a qualified accountant with extensive experience in managing financially distressed businesses and collaborating with private equity funds. In 2015, he joined St George Underwriting Agency (SGUA) as General Manager, where he was instrumental in upgrading business systems, driving technological advancements, and building a stronger management team. Appointed as Chief Executive Officer in 2020, Rowan navigated the company through the challenges of the pandemic and achieved significant growth, establishing a well-recognized capacity in the London market. Over the past two years, he has completed several mergers and acquisitions, expanding the staff from nine employees in a single office to over sixty employees across multiple state offices.
About Blue Zebra Insurance (BZI)
Blue Zebra Insurance (BZI) is a proudly Australian-owned, innovation-led Managing General Agency (MGA) redefining the insurance landscape through technology, analytics, and deep technical expertise. At the heart of BZI’s model is a firm belief in the value of professional advice—empowering expert brokers to deliver tailored protection and exceptional claims experiences to customers.
BZI offers a comprehensive suite of domestic and commercial insurance solutions, all built on a proprietary technology platform designed from the ground up with broker input. This Insurtech-first approach enables seamless digital delivery, driving market-leading efficiency for both brokers and insurers.
With over 1.5 million quotes processed annually and 2,500 brokers engaging with the platform daily, BZI is not only a trusted partner but also a multi-award-winning leader in underwriting. Our commitment to data-driven decision-making and continuous innovation ensures BZI remain at the forefront of the industry—delivering smarter, faster, and more effective insurance solutions.
About Allstate Underwriting
Allstate Underwriting is specialists in farm and small business insurance and was “born in the bush” in 2008 when a group of regional brokers came together to debate how best to fill a void in the market at that time. Collectively, the team has years of experience and knowledge within the market, with the strategy of Allstate being underpinned by service excellence in both underwriting and claims.
About Point Insurance
Point Underwriting Agency offers next generation Accident and Sickness products that support brokers and their clients. Their sole goal is to do Accident and Sickness differently. To this end we have created new Accident & Sickness products that properly support the broker network and more importantly, the underlying insured parties. Their quality underwriting service is built on four cornerstones – people, products, claims and service.
About SGUA
SGUA is an Australian underwriter who has been specialising in protecting residential investment properties since 1991. Not all investment properties have the same needs, that’s why they offer a range of covers suitable for different types of properties. In addition to their full-time domestic rental cover, SGUA provides protection for short-term holiday stays, whether this is rented out or utilised as a secondary residence. SGUA’s values are driven by their commitment to developing long-term, rewarding relationships with Brokers and focusing on outstanding customer service.