Allianz Partners’ nib deal signals a new era for ANZ travel distribution

The deal, if granted regulatory approval, would give Allianz Partners the Travel Insurance Direct (TID) brand, a 20-year white-labelled distribution agreement with nib Group across both Australia and New Zealand and a large portion of nib’s established intermediary relationships in Australia. Its value is up to AUD$50 million, with approximately AUD$30 million payable at closing and up to AUD$20 million tied to performance conditions in the first year, according to Coverager.