harrytom 641 Posted October 19, 2020 Share Posted October 19, 2020 Who has a policy with Club marine.cannot confirm but from another site as of the 1st December 202 They are pulling out of NZ and no policy will be renewed,. https://www.fishing.net.nz/forum/club-marine-pulling-out-of-nz-insurance-market_topic134435.html Just talked to club Marine and they confirmed that effective on Dec 1st 2020 they will be pulling out of the NZ market. All policies expiring after that will not be renewed. Letters supposed to be sent out from tomorrow. Quote Link to post Share on other sites
waikiore 398 Posted October 21, 2020 Share Posted October 21, 2020 Yes and they have also just backed out of some very high profile yachting sponsorship -be aware all of you. Quote Link to post Share on other sites
Fogg 427 Posted October 21, 2020 Share Posted October 21, 2020 Club Marine is not an insurer in its own right - it part of the global Insurance giant Allianz. Given Allianz’s strategy over the last few years to cut unprofitable business lines in NZ I suspect this is a result of rising costs of marine repair services in NZ - which is usually the reason for underwriters exiting a market ie declining profitably (or even loss making) with no sign of a reversal of that trend. Quote Link to post Share on other sites
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