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Club Marine Insurance


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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.
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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.

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