NM Insurance has expanded its Proteus Marine Insurance brand into New Zealand.

Proteus will operate under a binding authority from Zurich and will offer a wide range of Cargo, Carriers and Marine Liability insurance products, as well as managing commercial marine lines for Zurich as the renewal dates of current Zurich New Zealand commercial marine lines pass.

The Proteus range targets SME and mid-market marine customers.

Matthew O’Sullivan, Head of Motor & Marine at Zurich, says the insurer is “delighted to bring insights and experience to our new arrangement with Proteus to ensure ongoing success”.

“We are looking forward to working with Proteus Marine and leveraging their strong marine capabilities and in-market distribution in New Zealand to provide offerings and solutions to more customers.”