Allianz Business Singapore has appointed insurance coverage specialist Hydor as a managing basic agent (MGA) to boost 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 Business regional managing director Christian Sandric mentioned: “Hydor has a confirmed monitor report within the marine insurance coverage sector, with costly experience and powerful dedication to delivering distinctive service and tailor-made options.
“This partnership will enable us to leverage their native market information and operation excellence, increase our product attain into markets within the area and be certain that our purchasers obtain the very best protection and providers.”
This MGA settlement was made by Allianz World Company & Specialty SE Singapore Department and contains protection for property, dealing with tools, hull and equipment, port craft and repair boats.
Hydor CEO Folkert Strengholt acknowledged: “We’re proud to enter into this partnership with Allianz Business, which represents a big milestone in our continued progress 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 sit up for working carefully with the Allianz staff to help purchasers throughout the area with high-quality, responsive service and dependable safety.”
In April, Allianz Business expanded its partnership with UK-based Rokstone, a specialty MGA below the Aventum Group, by 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.
