«Zurich Benelux enters Marine & Transport Insurance Market with a head start”
Zurich Benelux and B.D.M. nv announced having entered into a Renewal Rights agreement with respect to the Marine & Transport portfolio of B.D.M. nv
As part of the agreement, Zurich has extended employment offers to all of B.D.M.’s Marine employees to join the Zurich team.
The newly created Marine Department will be based in Antwerp.
“This is a unique opportunity for us to enter the Benelux Marine & Transport market. Not only we acquire the renewal rights but, and maybe more importantly, we add talented and industry leading insurance professionals to our team.” said Dirk De Nil, CEO of Zurich Benelux.
“The past weeks and months we have worked hard in preparing a smooth integration- and onboarding process for staff and brokers. This is a demonstration of our capabilities to continue the business in virtual times.” continues Edwin Birkhoff, Chief Underwriting Officer of Zurich Benelux.
Jos Gielen -CEO of B.D.M.-: “I’m proud that we’re able to partner with Zurich and I’m confident that the agreed renewal rights agreement is the best solution for all stakeholders. Our client focused culture, underwriting discipline and outstanding claims services is a perfect strategic fit with Zurich Benelux culture.”
Edwin Birkhoff, Zurich’s Chief Underwriting Officer, emphasizes the disciplined underwriting approach of both organizations. “B.D.M.’s excellent underwriting reputation within this region complements Zurich’s underwriting approach and global network of marine insurance claims, risk engineering and underwriting experts.”
Eric Huyghebaert, B.D.M.’s Marine Underwriting Manager, will join Zurich as Marine Manager.
Commenting on the agreement Eric said to look forward to work at Zurich’s newly created Marine department: “I will have the pleasure continue relationships with our existing customers and brokers.”
“This strategic move is a substantial element within our ambitious plans to double our premium income within a 5 years period by broadening our distribution network and extending our product offerings.” concludes Dirk De Nil.