Allianz will transfer its marine and aviation business to a new UK branch of the German Allianz Marine & Aviation Versicherungs AG.

UK-based marine and aviation companies stminster Aviation Insurance Group ("WAIG"), Allianz AGF MAT and Allianz Cornhill Insurance will be involved in the transfer.

Allianz Marine & Aviation (UK Branch) will continue to offer their recognized products and services in their accustomed lines of business including marine hull, cargo, general aviation, airlines and excess of Loss.

The relocation of all 90 London-based employees to a joint new office at 2 Minster Court will be completed by mid October. Allianz Marine & Aviation (UK Branch) hopes to benefit more from remaining in the heart of the City of London and close to its key business partners.

Topics