Allianz launches specialist agency


Allianz Australia has launched a new specialist marine underwriting agency.
The agency - Allianz Marine & Transit - will manage the underwriting, claims and business development for the company's non-pleasure craft marine business across Australia and New Zealand.
Allianz said Allianz Marine & Transit would complement its industry leading pleasure craft insurer, Club Marine.
The company said the Allianz Marine & Transit agency would be led by specialist marine underwriter, Stephen Ford.
Commenting on the move, Allianz chief general manager for broker and agency business Jonathan Poole said Allianz was the world's largest marine insurer and recognised that specialist portfolios were best served by specialist capabilities housed in focused agency structures.
Recommended for you
The financial advice industry has enjoyed another week of strong new entrant numbers, totalling nearly 40 for the past fortnight, thanks to the latest exam passes.
Momentum Media’s wealth publishing network – comprising InvestorDaily, ifa, SMSF Adviser, Money Management, and Super Review – is proud to launch the annual Australian Wealth Management Awards.
Investment information firm Equity Story has signed a binding heads of agreement to acquire South Australian financial advisory and stockbroker Baker Young for $4.2 million.
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.