Allianz Australia (Allianz) has finalised the sale of its insurance premium funding business to Pemba Capital Partners (Pemba). The sale of Hunter Premium Funding (Hunter) to the private equity firm completed on Friday. Both Pemba and Hunter have operations across Australia and New Zealand.
A Hunter media release this morning welcomed the “successful completion” and “a pivotal moment.”
“With Pemba’s resources and guidance, we are well-equipped to accelerate our growth and continue delivering exceptional premium funding solutions to our partners and clients,” said Brad Bartlem (main picture), CEO of Hunter.
Pemba now holds interests in both Hunter and Arteva Funding, another major insurance premium funder. The release said the two brands will continue to operate separately, “each maintaining their own unique identity, values, and customer focus.”
“Our goal is to build on Hunter’s solid foundation, working closely with their talented team to expand its capabilities and deliver even greater value to brokers and customers,” said Robert Haybittel, managing director at Pemba.
The release said the Hunter team has transferred with the business with “no change to Hunter’s operations, systems or services due to the change of ownership.”
On 20 December 2024, Allianz entered into an agreement to sell Hunter to Pemba. According to today’s release the transaction enables Hunter to operate as an independent entity with increased financial backing.
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