Allianz Industrial Singapore has appointed insurance coverage specialist Hydor as a managing normal 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 spread of marine legal responsibility merchandise.
Allianz Industrial regional managing director Christian Sandric stated: “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, broaden our product attain into markets within the area and make sure that our purchasers obtain the very best protection and providers.”
This MGA settlement was made by way of Allianz International Company & Specialty SE Singapore Department and consists of 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 Industrial, 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 advanced wants of vessel operators and marine service suppliers. We sit up for working carefully with the Allianz workforce to assist 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 beneath the Aventum Group, by way of a five-year capability settlement.
This collaboration focuses on bettering programmes and figuring out new alternatives in specialty enterprise areas together with pure sources, development and marine.
