Allianz Australia Completes Sale of Premium Funding Business
Allianz Australia (Allianz) has finalized the sale of its insurance premium funding business, Hunter Premium Funding (Hunter), to Pemba Capital Partners (Pemba), a private equity firm. The transaction was completed on Friday, marking a significant milestone for both parties involved.
Hunter’s CEO, Brad Bartlem, welcomed the “successful completion” of the sale, stating that with Pemba’s resources and guidance, Hunter is well-equipped to accelerate its growth and continue delivering exceptional premium funding solutions to its partners and clients. The sale enables Hunter to operate as an independent entity with increased financial backing.
Pemba now holds interests in both Hunter and Arteva Funding, another major insurance premium funder. The two brands will continue to operate separately, maintaining their unique identities, values, and customer focus. Robert Haybittel, managing director at Pemba, expressed his commitment to building on Hunter’s solid foundation and working closely with their talented team to expand its capabilities.
The Hunter team has transferred with the business, with no changes to Hunter’s operations, systems, or services due to the change of ownership. Allianz entered into an agreement to sell Hunter to Pemba on December 20, 2024, as part of its strategy to simplify core operations and deliver the best possible value to its partners and customers.
Richard Feledy, Allianz managing director, stated in December that the decision to sell this part of their business was made with a focus on simplifying their core operations. The sale marks a pivotal moment for Hunter, allowing it to operate independently with increased financial resources.
