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In its heyday, Associated Marine provided much needed specialist insurance to the
Australian Marine market. Today, the company has all but been absorbed into Zurich Australian operations and, following restructure upon restructure and many staff redundancies it is a shadow of its former self to the
102:. Following a change in CGU's ownership structure Zurich took over ownership of Associated Marine 100%. That marked the downfall of Associated Marine, who found their strategy dictated by an insurer who was ignorant of the nuances of an specialist agency.
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By 2002, the marine insurance market was shrinking, particularly in
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150:"Zurich finally lands Associated Marine – for a song - Corporate - Insurance News - insuranceNEWS.com.au"
229:"Jobs go as Zurich scuttles Associated Marine - Corporate - Insurance News - insuranceNEWS.com.au"
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Hill, Michael A. (July 2002). "Trends in Marine
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89:) and founded in 1982. Zurich Australia took over full control of the business in 2004.
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Hill, Michael A. (July 1993). "How to Profit from
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underwriting agency which for decades was jointly owned by insurers,
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point where it is of very little significance in the market.
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