New MGA enters Australian market led by former Chubb executive

Delta Insurance, a specialist New Zealand-headquartered underwriting agency, has launched in Australia spearheaded by a former Chubb veteran with more than 15 years’ experience in the insurance market.

The company has expanded its partnership with Lloyd’s, establishing a new coverholder in Australia with the support of several new and existing capacity partners.

Delta, a Lloyd’s coverholder in Singapore, will initially write professional indemnity, cyber insurance and commercial liability in Australia, with plans to expand its offering in the coming months.

The company, established by industry leaders Ian Pollard and Craig Kirk in 2014, provides specialist underwriting to clients across the Asia Pacific region, including Hong Kong, Taiwan, Malaysia, Thailand, Vietnam and Indonesia.

Stephen Carey, who will lead its new operations, believes the “time was ripe” for Delta to enter the Australian market.

Carey was most recently at Chubb, where he held a number of underwriting, management and business development roles.

“Brokers are looking for insurance partners who can not only provide superior products for their clients, but also exceptional customer service across both underwriting and claims,” he said.

“We’re particularly focussed on working with clients in the professional services, technology, healthcare and manufacturing and food and beverage sectors,” Carey added.

Kirk noted Delta was focussed on developing long-term, mutually beneficial relationships by providing solutions that assist with risk mitigation and more traditional risk transfer outcomes.

“Everybody needs insurance, but it is more beneficial for all parties if losses are prevented in the first instance,” he said. “That way cover is reserved for more complex or unforeseen events that cannot be easily risk managed.

“Having a barrier at the top of a cliff rather than an ambulance at the bottom is something we talk about a lot.”

“We’re incredibly excited to join the Australian market and forge new partnerships with brokers and intermediaries across the country” Kirk added. “This is also the start of a new chapter for the company, as we continue to implement our longer-term vision to embrace change and make the world a safer place.”

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