Allianz Industrial Singapore has appointed insurance coverage specialist Hydor as a managing common agent (MGA) to reinforce its marine legal responsibility insurance coverage choices within the Asia-Pacific area.
The transfer authorises Hydor to cite and bind insurance policies for a variety of marine legal responsibility merchandise.
Allianz Industrial regional managing director Christian Sandric mentioned: “Hydor has a confirmed observe file within the marine insurance coverage sector, with costly experience and robust dedication to delivering distinctive service and tailor-made options.
“This partnership will permit us to leverage their native market data and operation excellence, develop our product attain into markets within the area and be sure that our purchasers obtain the very best protection and providers.”
This MGA settlement was made by means of Allianz World Company & Specialty SE Singapore Department and consists of protection for property, dealing with gear, hull and equipment, port craft and repair boats.
Hydor CEO Folkert Strengholt said: “We’re proud to enter into this partnership with Allianz Industrial, which represents a major milestone in our continued development and presence throughout Asia-Pacific.
“At Hydor, we mixed deep marine underwriting experience with operation agility to supply tailor-made liabilities options that meet the complicated wants of vessel operators and marine service suppliers. We look ahead to working intently with the Allianz group to help purchasers throughout the area with high-quality, responsive service and dependable safety.”
In April, Allianz Industrial expanded its partnership with UK-based Rokstone, a specialty MGA below the Aventum Group, by means of a five-year capability settlement.
This collaboration focuses on enhancing programmes and figuring out new alternatives in specialty enterprise areas together with pure sources, development and marine.
