NM Insurance has announced an expansion of its joint venture with Yamaha Motor Australia.The motor cycle giant and marine insurer have had a strong relationship over the past two years with their personal water craft insurance, now they have extended the relationship with an agreement that will see the insurer take advantage of Yahama’s distribution network to sell it’s motor cycle insurance.
Its comes as Steadfast were announced as an equity partner of NM Insurance with a 70% of the share capital. Steadfast is Australia’s largest network of insurance brokers, with more than 455 offices across Australia and New Zealand.
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