As Australasia’s largest provider of pleasure craft insurance, Club Marine has announced it will be exiting the New Zealand market.
The exit follows the withdrawal of several Allianz businesses from New Zealand earlier this year, with Allianz being the NZ financial services licence holder for the group.
According to Club Marine CEO, Karen Te Maipi, ‘This has been a difficult decision for us to make. Club Marine has been part of the New Zealand boating landscape for a long time and not only do we have loyal members and passionate and dedicated staff, but we have also built valuable relationships with partners, suppliers and the broader boating community.’
From 1 December 2020, Club Marine will cease offering new business policies and will no longer renew existing policies. Members can expect to receive a letter from Club Marine ahead of their expiry date to advise that renewal will not be offered and to allow them time to find an alternative insurance provider.
Club Marine will continue to manage existing policies until their next expiry date, including claims and policy servicing queries.