Since its inception two decades ago as Nautilus Marine Insurance Agency, NM Insurance has evolved significantly. Initially focusing on Australia's recreational boat market, the company has expanded its portfolio to include commercial marine, caravan, and motorcycle sectors, extending its operations into New Zealand.
Zurich began providing capacity to NM Insurance in 2020 and, earlier this year, committed to a new five-year deal. CEO Lyndon Turner emphasized that this agreement ensures long-term stability for the business, its broker partners, and customers. He highlighted that the partnership allows NM Insurance to continue delivering niche, market-leading products backed by a trusted global insurer.
With a managed portfolio worth $90 million and a team exceeding 100 staff, NM Insurance views the Zurich deal as a testament to its disciplined underwriting approach and performance. Turner noted that Zurich's decision to extend the agreement reflects confidence in NM Insurance's growth strategy and could pave the way for further expansion.
For brokers, this partnership offers assurance of continuity in service, claims, and support. The collaboration underscores NM Insurance's commitment to being an integral part of brokers' niche risk strategies, further strengthening its role in the industry.
