New Zealand underwriting agency Delta Insurance has opened its first office in Australia, as the fast-growing liability insurer looks for new clients across the Tasman. 

Delta already operates in Singapore, becoming the first Lloyd’s of London coverholder in the city-state. From its Asian office, the firm underwrites for clients in Hong Kong, Taiwan, Malaysia, Vietnam, and Indonesia. 

Delta co-founder Ian Pollard said: “It [Australia] is one of the biggest insurance markets in the world. We have been building a business case to launch in Australia since we started Delta Insurance, and we’re excited that moment has arrived.”

The specialty lines insurer, co-founded by Pollard and Craig Kirk in 2014, has drafted in Stephen Carey to lead the Australian business. His team will be based in Brisbane.  

Carey was most recently at Chubb, where he held underwriting, management and business development roles. Carey has worked in the UK and Australian markets.

Crey said: “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. 

Delta will offer products including professional indemnity, management liability and cyber insurance to its Australian clients.

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

Following the Aussie launch, Delta has expanded upon its partnership with Lloyd’s, establishing a new coverholder in Australia with the support of several new and existing capacity partners.

March 2022

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