AUB Group has announced that it is in the process of expanding its rounded risk solutions services into the marine and logistics industries.

The company, through its 100%-owned subsidiary Austbrokers Sydney, is looking to establish a joint venture agreement with an industry veteran, the Group confirmed to Insurance Business.

“AUB Group, through its 100% owned subsidiary, Austbrokers Sydney, is currently in the process of extending its total risk solutions capability to the marine and logistics industries,” the Group said.

“This initiative will be established via a joint venture arrangement with Neil Hiller, currently General Manager Marine Speciality Risks for QBE.”

It was announced yesterday that Hiller would leave his role at QBE to “take up a new opportunity,” and he would be replaced by incoming national manager of marine specialty risks at the insurer, Tim Air.

The AUB Group continued that the new venture will use Hiller’s experience in the market to provide an encompassing approach to the risk and confirmed the business is on track for launch in the new year.

“The joint venture will utilise Neil’s extensive knowledge of risk management, insurance underwriting and broking to provide a holistic approach to the risks faced by the marine and logistics industries, as well as businesses and individuals involved in recreational marine activities.

“This will include assisting clients to identify, eliminate, mitigate and transfer risk.

“It is expected that this venture will be operational from March 2016.”