Allianz Australia’s specialist commercial marine business Allianz Marine & Transit Underwriting Agency (AM&T) will have a new boss effective next month.
Promoted to chief executive is AM&T stalwart and underwriting general manager Ben Morgan, who will take over from CEO Stephen Ford. Details of the latter’s departure were not outlined.
Commenting on his appointment, Morgan stated: “I am very proud to be taking on the role of CEO, and maintaining AM&T’s continuity and consistency during a time of ongoing industry change.”
“AM&T is a key part of the intermediated distribution strategy for Allianz in Australia; and the AM&T team and I look forward to sustaining our market position by continuing to enhance and adapt the successful business that has flourished under Steve’s leadership,” he noted.
“Fostering our partner relationships will continue to be our priority. We look forward to continuing to provide the responsiveness and service that our brokers and customers need and expect, developing our people, and of course working closely alongside our One Allianz partners.”
Based in Brisbane, the incoming chief brings nearly two decades of marine insurance experience to the top post. He has been with AM&T since the underwriting agency’s formation in 2012.
“Ben’s deep knowledge of marine insurance combined with his diligence and overall passion for the industry and for AM&T, makes him a natural fit as the agency’s new leader,” said Jenny Bax, Allianz Australia’s underwriting agencies general manager. “I look forward to continuing to work with Ben, in a new capacity, and upholding AM&T as a trusted partner to insurance brokers and their clients.
“I would also like to thank Stephen Ford for his enormous contribution to AM&T in his role as CEO for the past decade, in which he helped establish AM&T’s high-performing team in this complex industry segment. Stephen’s unwavering dedication will be missed by the Allianz family and he leaves with our best wishes.”