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Globe Insurance joins Statewide

Statewide is pleased to announce the recent arrival of Globe Insurance Services WA Pty Ltd to the company.  Globe Insurance is a registered Authorised Representative of Statewide Insurance Brokers AFS 231 311.

Joe Barbaro, founder of Centrewest Insurance Brokers is the principal of Globe Insurance, and Joe will be continuing our company mantra of reputation, experience and trust in his insurance relationships.  Joe brings over 30 years of expertise and experience to Statewide, and will be responsible for Globe clientele, and senior Account Executive duties.

About Globe BD

Globe BD is a team of chartered accountants and CPAs that offer a complete range of Accounting and Taxation Services.  Globe’s focus is on planning for future events.  By taking a forward looking, proactive approach to their advisory service, Globe BD can help you plan for:

  • Business Growth
  • Regular monitoring of your KPIs
  • Retirement or business succession
  • Any major life, taxation or finanical event

We welcome Joe to the Statewide family, as well as Globe clients present and future.


globe insurance


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The ‘new’ Chubb Insurance

Insurance Business Online takes a look at the new Chubb Insurance

It was 1 July 2015 when it was announced that ACE Ltd would acquire The Chubb Corporation.

This year, on 14 January, the completion of the acquisition was announced. ACE had paid approximately US$29.5bn (A$38.55bn) in cash and stock for Chubb. That transaction – said to be the biggest ever acquisition for the insurance industry in the US – resulted in the creation of the world’s largest publicly traded property and casualty insurer, which comes together under the Chubb name.

“Our passion for underwriting, along with our industry-leading claims, risk engineering and loss control services and substantially increased data, distinguish the new Chubb as we pursue new, profitable growth opportunities in both developed and developing markets around the world,” Evan G. Greenberg, Chubb Ltd’s chairman and CEO, said in a statement in January announcing completion of the transaction.

The story so far

On 1 April, the legacy ACE and legacy Chubb businesses in Australia commenced operations together. John French, previously ACE’s country president for Australia and New Zealand, is the man now heading up the new Chubb in both countries. The company is the sixth largest general insurer in Australia.

French tells Insurance Business the integration of ACE and Chubb in Australia has “progressed well”.

“We began collaborating when the global transaction closed on 14 January and have been working together closely since then,” he says.

“On 1 April, we commenced operating under a new single management structure with quality leadership from both legacy organisations.

“We are seeing close collaboration across our operations, from product harmonisation processes to new efficiencies which will enable underwriters to spend more time in the market with brokers.”

French has chalked up more than 25 years in the insurance industry. Much of that time has been spent with ACE, which he joined as a business development manager in Sydney in 1997. Since that time, he’s been Australian general manager and then gone on to serve as country president of ACE in Singapore, Thailand, Hong Kong, Taiwan and Macau, returning to Sydney to head up the insurer’s Australian and New Zealand operations in March 2014.

French speaks highly of the people he’s worked with over the past two years.

“During my time as country president for Australia and New Zealand, I’ve been lucky to work with a very talented team of professionals,” he says.

“We have focused on underwriting excellence, broker relationships, bringing quality risk management solutions to market and offering an outstanding claims service.”

Insurance Business asked French why the decision was made to adopt the Chubb name globally.

“This is an acknowledgment of the distinctiveness and strength of the Chubb brand,” he says.

“Chubb is a unique name with 130 years of heritage. It stands for excellence, quality and service.”

the new chubb

The new Chubb

So, what can Australian brokers and their clients expect from the new Chubb?

French says that they’re bringing a “fresh and vibrant” brand to market.

“Chubb has specialist expertise in underwriting complex risks and excellence in claims,” he says.

“We’ve structured our distribution to provide local underwriting service for both global and independent brokers. Backed by AA- financial strength and our global network, our local team has a compelling offering for intermediaries and clients.”

French speaks further about what the new combined company means for customers.

“Legacy ACE and legacy Chubb are two great underwriting companies that share a passion for production innovation and outstanding client service. Together as Chubb we are bringing the best of both organisations to service the market,” French says.

“For distribution partners we are offering enhanced products backed by exceptional financial strength and security for clients.

“Across a diverse range of intermediaries that operate in the Australian and New Zealand markets, we will be better equipped to assist in the growth of businesses with a broad product offering in a number of specialty and traditional product areas.”

French cites a number of examples.

“We now have a significantly increased capacity within our property ISR portfolio, our capabilities within construction have been enhanced, and our environmental liability solutions will be available across a far wider distribution network.”

He continues: “Our financial lines business has dramatically increased in size, as has our accident and health business and our personal lines portfolio. In each of these areas we are now in a stronger position to work with brokers in meeting the insurance needs of clients.”

French says the combination of ACE and Chubb enhances the organisation’s capabilities to deliver on its strategy of providing quality products and services to ensure customers are properly protected.

“Our independent broking partners will see a vastly enhanced product suite with significant strength in general property, casualty construction and environmental in addition to existing financial lines and package capabilities they currently enjoy through the legacy Chubb business. This will be delivered through a dedicated underwriting team in each state,” he says.

“For our large and global broker partners, a dedicated team in each state will continue to focus on delivering a customised service, from small SME facilities to tailored large multinational programs.

“Ultimately, for Chubb, this is about providing our distribution partners with the products and service they need to grow their businesses as we aim to create growth and value right throughout the distribution chain.”

The year ahead

Looking forward, as ANZ head of the new Chubb, what will French’s and his team’s focus be for 2016?

“This is a growth story. We have taken the opportunity to integrate two highly talented and motivated teams. We will now implement a dynamic and long term strategy, distributing our expanded product through a broader network of distribution partners,” he says.


Always a high class organisation, with high class products and outstanding claims services, Chubb really is a dominant player in worldwide Insurance.  We look forward to continuing our long relationship with the ‘new’ Chubb, and providing our clients with their outstanding insurance products.

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Insurance Policy Comparisons

As General Insurance Brokers, we get to see a LOT of insurance policies.

So many in fact, the only way to correctly analyse them is through the use of Insurance Policy Comparison software analysis – which offers a full policy comparison across all Insurers and all Products.

We utilise the outstanding services of PolicyComparison.com – and offer to all our clients at no additional cost as part of their insurance review.

So what is PolicyComparison.com ?

Put simply, its the greatest insurance policy comparison tool ever built!  LMI PolicyComparison is a web-based service that provides assistance with policy wording analysis, compliance requirements, regulatory training, knowledge management and more.  Experienced insurance researchers continually compare personal, commercial and rural products across the Australian Insurance market, including direct insurers, intermediaries and underwriting agencies.

This enables us access to EVERY insurance policy in the Australian market – to provide comprehensive coverage analysis for our clients.

Policy Comparison offers numerous benefits to ourselves as broker, and ultimately to our clients.

Policy Wording Comparisons

To assist Brokers and their staff in supporting their recommendations to clients.  Want to see how ridiculously good our Steadfast wordings are, over and above every other insurance product?  Policy Comparison Summary Guide

Policy Library

Allows Brokers and their staff to access archived as well as current wordings across a very broad range.

Knowledge Centre

This section gives Steadfast Network Brokers and their staff access to a wealth of information including a range of articles on specific industry issues.

Specialist Covers

This section lists a range of specialist markets by occupation and can provide broker’s and their staff with a choice of markets.

Continual Updates to Policy’s

All Insurers are linked into their all encompassing web of insurance wordings, providing real time wording updates!

Training for Insurance Brokers

LMI Group can provide training for Insurance Brokerage staff, as well as Insurance Company staff…and don’t they need it!


An example of PolicyComparison below, or a more thorough example Policy Comparison Summary Guide

We would love to point out the deficiencies of a Direct-Insured product versus our Brokered Steadfast Products, so feel free to ask.

Insurance Policy Comparisons are available across all product lines we deal in – Home, Motor, Business Pack, Professional Indemnity, Liability, FarmPack, Directors & Officers, Management Liability, Travel, Strata…. and everything in between!