AM&T

What AM&T does

AM&T (Allianz Marine & Transit) is an Australian specialty insurance agency founded in 2012 and headquartered in North Sydney, New South Wales. The company focused on marine and transit insurance products for commercial operators, with a portfolio spanning Transport (Commercial/Fleet Insurance, Transport Package Insurance), Marine (Cargo Insurance, Carriers Insurance, Commercial Hull Insurance, Commercial Vessel Insurance, Marine Liabilities Insurance), Mobility (Essential and Platinum Taxi Insurance, Hire Vehicle Insurance, Rideshare Insurance), and Plant & Machinery Insurance. Following a 2025 merger with GT Insurance (Global Transport & Automotive Insurance Solutions Pty Ltd, ABN 93 069 048 255, AFS Licence No 240714), all AM&T branded policies and associated claims/complaints are now governed by GT Insurance's processes and policies.

Insurance products are issued by GT Insurance as agent for Allianz Australia Insurance Limited (ABN 15 000 122 850, AFS Licence No 234708), which provides 100% financial backing, capital, and underwriting capacity. The company distributes products exclusively through licensed insurance brokers (B2B channel model), supported by the GT Broker Hub and a 'Find a Broker' referral service. Digital service infrastructure includes ClaimIt@GT for broker and customer claims lodgement and Transmission@GT for digital policy documentation and transmission. The combined entity operates from 10 office locations across Australian states and territories (North Sydney, Parramatta, Newcastle, Albury, Brisbane, Townsville, Melbourne, Adelaide, Darwin, Perth), supporting a nationwide broker distribution model.

Revenue is generated through recurring insurance premiums placed across marine, transit, mobility, and machinery specialty lines; no pricing or premium volume data is publicly disclosed. The business is led by CEO Ben Morgan and competes in niche specialty insurance segments where deep sector underwriting expertise, broker relationships and Allianz's capital backing are the primary value drivers, rather than scale or technology differentiation. AM&T sits within the broader Allianz insurance group in Australia and now operates as a branded label under the consolidated GT Insurance platform.

Name

AM&T

Legal name

Allianz Marine & Transit (AM&T)

Website

https://amandtaustralia.com.au

Company type

Private

Founded year

2012

Operating status

Acquired

Headcount range

11–50 employees

Short description

AM&T (Allianz Marine & Transit) is an Australian specialty insurance agency offering marine, transit, mobility, and plant & machinery coverage through licensed brokers. Following a 2025 merger with GT Insurance, the brand operates under unified management with 100% Allianz Australia financial backing.

Ownership category

akta.pro rank

Product category

Marine and Transit Insurance

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

akta.pro secondary industries

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Motor Truck Cargo & Inland Marine (Goods-in-Transit) (TLABANAD)

Keywords

• Marine insurance
• Transit insurance
• Cargo insurance
• Commercial fleet insurance
• Mobility insurance

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Insurance Premiums: AM&T (Allianz Marine & Transit) generates revenue through insurance premiums for marine and transit insurance products. Following the merger with GT Insurance, all AM&T branded policies are now governed by GT's processes and policies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

AM&T (Allianz Marine & Transit) is an Australian insurance agency that underwrites and distributes specialized marine, transit, mobility, and plant & machinery insurance products. Following its merger with GT Insurance, all AM&T-branded policies are governed by GT Insurance's processes and underwritten with the backing of Allianz Australia Insurance Limited. Insurance products are sold primarily through insurance brokers across Australia.

Product overview

AM&T (Allianz Marine & Transit) operates as part of GT Insurance following a merger, offering a comprehensive portfolio of insurance products across four core sectors: Transport (Commercial/Fleet Insurance, Transport Package Insurance), Marine (Cargo Insurance, Carriers Insurance, Commercial Hull Insurance, Commercial Vessel Insurance, Marine Liabilities Insurance), Mobility (Essential Taxi Insurance, Platinum Taxi Insurance, Hire Vehicle Insurance, Rideshare Insurance), and Plant & Machinery (Plant & Machinery Insurance). The company also provides digital service platforms including ClaimIt@GT for digital claims lodgement and Transmission@GT for documentation processing. Insurance products are underwritten by Allianz Australia Insurance Limited as the backing insurer.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial/Fleet Insurance Insurance coverage for commercial vehicles and fleet operations, protecting businesses with multiple vehicles against risks, accidents, and liabilities.
• Transport Package Insurance Comprehensive insurance package combining multiple transport-related coverages for businesses with varied transportation needs.
• Cargo Insurance Insurance coverage protecting goods and merchandise during transit against loss, damage, or theft.
• Carriers Insurance Insurance coverage for carriers and transport operators against liabilities arising from the carriage of goods.
• Commercial Hull Insurance Insurance coverage for commercial vessels' hull and machinery against physical damage.
• Commercial Vessel Insurance Comprehensive insurance coverage for commercial vessels including protection against various maritime risks.
• Marine Liabilities Insurance Insurance coverage protecting marine operators against third-party liability claims arising from maritime operations.
• Essential Taxi Insurance Entry-level insurance coverage designed specifically for taxi operators and drivers.
• Platinum Taxi Insurance Premium-tier insurance coverage for taxi operators with enhanced benefits and comprehensive protection.
• Hire Vehicle Insurance Insurance coverage for vehicle rental and hire companies protecting their fleet and operations.
• Rideshare Insurance Specialized insurance coverage for rideshare drivers and operators using platforms like Uber and Lyft.
• Plant & Machinery Insurance Insurance coverage for heavy equipment, machinery, and plant assets against breakdown, damage, and business interruption.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves6 records

Expansion highlights5 records

Direct peers

• GT Insurance: GT Insurance is the merger counterparty that absorbed AM&T in 2025 and now administers all AM&T-branded marine and transit policies. It is the most directly comparable peer, offering the same marine cargo, hull, carriers, fleet, mobility, and plant/machinery products through the same broker channel, with Allianz as the underwriting backer.
• Steadfast Group: Steadfast is Australia's largest broker network and also owns underwriting agencies, competing with AM&T in distributing marine and commercial specialty products through broker channels. It is directly comparable because its underwriting-agency model and broker-distribution focus mirror AM&T's go-to-market.

Broad incumbents

• Allianz Australia Insurance Limited: Allianz Australia is the ultimate parent and underwriting backer of AM&T, providing the financial strength and global insurance expertise behind AM&T's marine and transit policies. As a broad incumbent, Allianz offers overlapping P&C capabilities but at a portfolio level rather than specializing solely in marine/transit niches.
• QBE Insurance Group: QBE is one of Australia's largest general insurers with a significant marine and transport book, comparable to AM&T's marine cargo, hull, and commercial fleet offerings. It competes in the same broker channel for specialty commercial risks but operates across much broader P&C lines globally.
• Insurance Australia Group (IAG): IAG is Australia's largest general insurer with commercial and personal P&C products. It overlaps with AM&T in commercial fleet, motor, and selected marine lines, but operates at massive scale across the full P&C spectrum rather than specializing in marine/transit.
• Suncorp Group: Suncorp is a major Australian general insurer with commercial motor, fleet, and selected marine offerings, directly overlapping with AM&T's transport and mobility products. It is a broad incumbent serving commercial customers through brokers and direct channels across Australia and New Zealand.
• Aon (Marine Practice): Aon is a global insurance broker with a dedicated marine specialty practice that places cargo, hull, and marine liability coverage for clients worldwide. It is comparable to AM&T as a marine insurance intermediary, but operates at global scale across all commercial lines rather than as an Australia-only underwriting agent.
• Marsh (Marine Insurance): Marsh is a global insurance broker with a strong marine and cargo specialty practice serving shipping, logistics, and transport clients. It is comparable to AM&T as a marine insurance intermediary, but with much broader product breadth and global footprint than the Australia-focused AM&T business.
• Arthur J. Gallagher & Co. Gallagher is a global insurance brokerage and risk management firm with specialty marine and transportation practices. It competes for marine/transit placement business with AM&T in the Australian and Asia-Pacific markets, though as a broad incumbent serving multiple commercial lines.

Emerging players

• Hollard Insurance Australia: Hollard is a fast-growing Australian specialty insurer partnering with underwriting agencies and brokers, comparable to AM&T in its broker-distributed, niche-focused model. It pursues adjacent specialty lines (commercial motor, mobility, niche commercial) and competes for similar broker relationships in the Australian market.

Market position

Weaknesses2 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AM&T