Allianz Marine & Transit (AM&T) is expanding into New Zealand, building on growth in Australia since its launch in 2012.

The new Auckland-based operation will provide cargo, carriers’, commercial hull and marine liability cover through brokers across New Zealand.

Marine specialists Henry Wallace and Korey Pese have been brought in to work alongside Allianz New Zealand Marine Manager Darren Pattle.

AM&T has also taken on responsibility for underwriting and claims management for the Pacific marine portfolio of Allianz Global Corporate & Specialty (AGCS).

“While we will continue to maintain the strong focus that AGCS marine has historically had on project cargoes, we will also look to do more in the hull, liability and annual cargo segments with corporate customers,” AM&T CEO Stephen Ford said.