Zurich boosts its marine offering with new NM Insurance agreement


1 August 2022

SYDNEY, Australia – Zurich Australian Insurance Limited (ZAIL) today announced a new agency agreement with NM Insurance Pty Limited (NM), to act as security for Proteus Marine Insurance (Proteus), a leading provider of commercial marine insurance for cargo, carriers, commercial hull and marine liabilities, from 1 September 2022. 

By using NM’s extensive network and market strength to provide marine customer solutions, the agreement represents an important pillar of Zurich’s strategy.  

James Butchart, Head of Marine for Zurich Australia & New Zealand said: “We are excited to enhance our already strong relationship with NM Insurance by supporting the Proteus brand. The Proteus product suite is directly aligned to Zurich’s global marine strategy and will provide Proteus customers with tailored solutions for their risks.” 

NM Insurance Chief Executive Officer, Lyndon Turner, said: “Further extending our alliance with Zurich will enable us to scale and grow our Proteus Marine offering to broker partners. This is a natural alignment with our other products and services successfully supported by Zurich including Nautilus Marine, National Motorcycle and Australian Caravan Insurance.” 

The agreement follows Zurich’s 2020 announcement to provide capacity for NM’s portfolio of boating and recreational products across Australia and New Zealand.

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About Zurich Australian Insurance Limited (ZAIL) 
ZAIL is part of the Zurich Insurance Group (Zurich), a leading multi-line insurer that serves its customers in global and local markets. With around 56,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

About NM Insurance and Proteus Marine Insurance  
NM Insurance is a dynamic, professional and responsive insurance underwriting agency keen to provide opportunities to our business partners and customers. We offer a complete full cycle experience from transactional, compliance, sales, marketing and claims lodgement to completion. Backed by the strength of our staff, infrastructure, partnerships and management team, NM Insurance has you covered. NM Insurance is the name behind a number of insurance brands. Please visit the NM Insurance website for further details: nminsurance.com.au