# Allianz Partners to Acquire nib Travel Portfolio, Strengthening Australian Market Offering

- Link: https://www.thailand-business-news.com/pr-news/allianz-partners-to-acquire-nib-travel-portfolio-strengthening-australian-market-offering
- Published: 2026-06-05T08:15:00+07:00
- Author: PR Newswire

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BRISBANE, Australia, June 5, 2026 /PRNewswire/ — Allianz Partners today announced
it has signed an agreement to acquire a large portion of nib’s Australian and New
Zealand Travel Insurance portfolio marking a significant milestone in the company’s
growth strategy and its long-term commitment to the Australian market.  The deal
remains subject to regulatory approval and satisfaction of certain commercial conditions.

 [ ⌊Chris McHugh_CEO Allianz Partners & Ed Close_CEO & MD_nib Group⌉ ](https://mma.prnasia.com/media2/2995328/Chris_McHugh_Ed_Close_announcement.html)

Chris McHugh_CEO Allianz Partners & Ed Close_CEO & MD_nib Group

The transaction includes:

 ◦ the acquisition of the Travel Insurance Direct (TID) brand
 ◦ a twenty year white labelled distribution agreement with nib Group in both Australia
   and New Zealand,
 ◦ and acquisition of a large portion of nib’s established intermediary relationships
   in Australia.

The transaction establishes Allianz Partners as a leading force in the Australian
travel insurance market enabling a more comprehensive presence across both digital
and in-person channels.

Critically, it marks Allianz Partners’ expansion into the offline travel distribution
channel in Australia: the bricks-and-mortar agent channel that remains a vital point
of purchase for Australian travellers, particularly those booking complex or high-
value itineraries. The ability to support customers across both digital and intermediary
channels is becoming increasingly important – particularly for higher-value and 
more complex travel.

For Australian travellers, the result will be greater access to Allianz Partners’
world-class insurance and assistance products – wherever and however they choose
to book. For the business, it will deliver the scale, footprint and channel depth
to compete at the top of one of the Asia Pacific region’s most dynamic insurance
markets.

"This acquisition is a landmark moment for Allianz Partners Australia. It will significantly
expand our capacity to reach and serve Australians through their preferred channel
with the world-class insurance and assistance products they deserve. It will also
strengthen our offering in a highly competitive market and gives us the scale to
continue investing in our customers, partners and service delivery." **Chris McHugh,
Chief Executive Officer, Allianz Partners Australia**

This transaction is a clear signal that APAC – and Australia specifically – is a
priority growth region for Allianz Partners. We have strong conviction in the opportunity
here, and this acquisition reflects that conviction in a very tangible way. Australia
has a dynamic, growing travel insurance market and a team that has demonstrated 
the capability and commitment to lead in it. This is the kind of strategic investment
that builds long-term value, and I am proud to see it come to fruition." **–****
Phil Hoffman, Chief Officer Travel, Allianz Partners**

The acquisition will build on Allianz Partners’ global momentum. Since 2024, the
company has surpassed €10 billion in total revenues globally, with APAC identified
as a key growth region.

**ABOUT ALLIANZ PARTNERS**

Allianz Partners is a world leader in B2B2C insurance and assistance, offering global
solutions that span international health, travel insurance, mobility and assistance.
Customer driven, our innovative experts are redefining insurance services by delivering
future-ready, high-tech high-touch products and solutions that go beyond traditional
insurance. Our products are embedded seamlessly into our partners’ businesses, sold
through intermediary channels or directly to customers through the Allianz, Allianz
Global Assistance and Allianz Care brands. Present in over 73 markets, our 22,200
employees speak 70 languages, handle over 89 million cases each year, and are motivated
to go the extra mile to offer assistance to our customers around the world.    

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**Read the original article :** [Allianz Partners to Acquire nib Travel Portfolio, Strengthening Australian Market Offering ](http://www.prnasia.com/story/archive/4976789_AE76789_0?rand=184833)