Income Protection NZ
Income Protection NZ :: News
NM Insurance Secures Growth with Five-Year Zurich Partnership
NM Insurance Secures Growth with Five-Year Zurich Partnership
In a strategic move set to bolster its market position, NM Insurance has announced a five-year agreement with capacity provider Zurich, positioning itself for further growth and increased broker confidence in its success.
Since its establishment two decades ago as Nautilus Marine Insurance Agency, NM Insurance has expanded its focus beyond the recreational boat market in Australia, branching into New Zealand and diversifying into the commercial marine, caravan, and motorcycle sectors.
This new long-term binder agreement solidifies the relationship that started in 2020. According to NM Insurance CEO, Lyndon Turner, the deal not only ensures business stability but also accelerates the company’s momentum in delivering niche, market-leading products supported by a globally recognised insurer.
Currently managing a $90 million portfolio and employing over 100 staff members, NM Insurance views the collaboration with Zurich as a testament to its disciplined underwriting and robust growth strategy. The partnership provides brokers with increased assurance, knowing that NM Insurance's products are backed by a global entity with a steadfast local presence in Australia and New Zealand.
The extended agreement is seen as a vote of confidence that is expected to facilitate further expansion for NM Insurance. This confidence is bolstered by Zurich’s endorsement, as the insurer’s local head of general insurance, Alex Morgan, emphasises NM's track record and underwriting expertise as key drivers for the partnership.
Looking ahead, this strategic alignment not only ensures service continuity, claims reliability, and consistent support for brokers but also strengthens NM Insurance’s role in niche risk strategies. The extended support from Zurich underscores the insurer’s commitment to maintaining strong, stable relationships with trusted partners, aiming to deliver solutions trusted by both brokers and clients alike.
Published:Friday, 5th Sep 2025
Source: Paige Estritori
Share this news item:
Insurance News
| NM Insurance Secures Growth with Five-Year Zurich Partnership 05 Sep 2025: Paige Estritori In a strategic move set to bolster its market position, NM Insurance has announced a five-year agreement with capacity provider Zurich, positioning itself for further growth and increased broker confidence in its success. Since its establishment two decades ago as Nautilus Marine Insurance Agency, NM Insurance has expanded its focus beyond the recreational boat market in Australia, branching into New Zealand and diversifying into the commercial marine, caravan, and motorcycle sectors. - read more |
| Empower Your Cyber Knowledge with CFC's Free Masterclass 03 Sep 2025: Paige Estritori In an era where cyber threats are increasingly sophisticated, CFC Underwriting Limited has unveiled a unique opportunity for brokers to fortify their expertise through its newly launched Cyber Masterclass. This initiative offers a flexible, on-demand video learning series designed to advance brokers into proficient cyber insurance specialists at their convenience. - read more |
| NSW Revisits CTP and Lifetime Care Schemes 02 Sep 2025: Paige Estritori New South Wales (NSW) is undertaking a detailed review of its Compulsory Third Party (CTP) insurance scheme as well as its lifetime care and support system. The Standing Committee on Law and Justice of the state's upper house has initiated this examination as part of their routine practice conducted every parliamentary term. The last thorough assessment took place in 2022. - read more |
| AFCA Upholds Insurer's Premium Increase Amid Consumer Complaint 01 Sep 2025: Paige Estritori A recent decision by the Australian Financial Complaints Authority (AFCA) has ruled against a homeowner seeking an $18,000 refund from Allianz. The homeowner claimed that the insurer failed to adequately inform her about substantial increases in her optional flood cover premiums. Initially, her monthly payments surged from $369 to $1277 in August 2022, a change she only noticed in March of the following year through her bank statements. - read more |
| Rising Group Premiums Pose Challenges for Australian Life Insurance 28 Aug 2025: Paige Estritori Insurance premiums for group life policies with long-term benefits have surged between 15% to 25% on average in the first half of the year, according to a mid-year market update from Marsh Australia. While the steepest increases affected those with adverse claims experiences, short-term rates and premiums for permanent disabilities remained relatively steady. The sector has also become more selective, with insurers adopting stricter underwriting standards, particularly eschewing high-risk industries. - read more |
| Concerns Arise Over Construction Code Pause Amid Housing Push 28 Aug 2025: Paige Estritori The federal government's initiative to accelerate housing development by relaxing certain building regulations has raised alarm within the insurance sector. Housing Minister Clare O’Neil announced changes on social media, indicating a strategic pause on parts of the National Construction Code to expedite building approvals and encourage the construction of much-needed homes across Australia. This move comes in response to challenges in the approval process, which often delays construction. - read more |
Life Insurance Articles
| Single or Married: How Life Insurance Needs Vary Across Different Life Stages Life insurance is a financial product that provides a lump sum payment to your beneficiaries in the event of your death. It is designed to offer financial security by covering debts, daily living expenses, and future financial obligations. - read more
|
| The Essential Role of Income Insurance in Your Financial Plan An income insurance policy, often referred to as income protection insurance, is a financial safety net designed to provide you with a steady income stream if you're unable to work due to illness or injury. It ensures that you can still support yourself and your family, even when unforeseen medical conditions prevent you from earning a salary. This policy typically covers a percentage of your pre-tax income, helping to alleviate the financial burden during recovery periods. - read more
|
| Life Events That Should Trigger a Life Insurance Review for Aussie Families Life insurance is a cornerstone of financial planning for Aussie families, offering protection and peace of mind. But what happens when the bustling flow of life brings changes? This is where a life insurance review comes into play. A life insurance review is a thorough analysis of your existing policy to ensure it aligns with your current life circumstances and financial goals. - read more
|
| How to Prepare for a Hassle-Free Life Insurance Claim Being prepared when it comes to life insurance claims can make a world of difference. Proper preparation helps you prevent delays and denials, ensuring that your loved ones receive the financial support promised by your policy without unnecessary hold-ups. By paying attention to the details, you can streamline the claims process, giving you and your family peace of mind during what is already a stressful time. - read more
|
| The Ultimate Guide to Understanding Life Insurance in Australia Life insurance is a contract between an individual and an insurance company. The insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. - read more
|
| Loss of income insurance: Case Study Rebecca is a single, self-employed graphic designer who works from home. Aged in her mid-30s, she has monthly commitments of a mortgage and car payments and the usual living expenses. - read more
|
Start Here !
All quotes are provided free and without obligation. We respect your privacy.
Knowledgebase
Exclusion:
Specific conditions or circumstances for which the insurance policy does not provide coverage.
Specific conditions or circumstances for which the insurance policy does not provide coverage.