A new entrant to the Australian Insurance marketplace has emerged recently, named Calibre Insurance. Well not totally new, a remorphing of Calliden Insurance – a company that has been providing specialist business lines and portfolio insurance to Australian brokers for 10+ years now. Learn a little about Calibre Insurance and Great Lakes… Calibre Commercial Insurance […]
Terrorism Insurance – Explained
What is the ARPC – the Australian Reinsurance Pool Corporation? ARPC is a statutory authority established by the Terrorism Insurance Act 2003, to administer the terrorism reinsurance scheme, providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from a declared terrorist incident. The Scheme ARPC’s reinsurance scheme was established after discussions […]
Insurer of the Year Finalists Named
NIBA today announced Allianz, CGU and QBE as the contenders for the annual General Insurer of the Year Award, set to be announced at the 2015 NIBA Convention in Melbourne on 7 September. The award is judged on the results of broker voting as part of NIBA’s annual Broker Market Survey, in which NIBA member brokers […]
Tax Audit Insurance Coverage
What is Tax Audit Insurance ? Tax Audit Insurance is designed to cover your business for professional fees associated with tax audits, and official investigations of your tax affairs. It is available as stand-alone cover, or can be purchased as a section in many of our Steadfast Worded Business Insurance packages for small to medium businesses or […]
NTI Insurance takes over Lumley Heavy Motor
National Transport Insurance taking over Lumley Heavy Motor Lumley’s heavy motor and mobile plant and equipment portfolios will transfer to National Transport Insurance (NTI) from July 1, CGU has recently announced. NTI Insurance is already the country’s leading truck insurer, and incorporating the portfolio of a former major competitor can only increase its market dominance. […]
Home Insurance Unoccupancy Clause
Prominent within all home (and landlords & business package) insurances is a general condition or general exclusion known as the ‘Unoccupancy Clause’. In simple terms, the policy will not respond, or cover would be reduced or restricted, if the premises is unoccupied for more than a set amount of days – commonly 60days. Various insurer definitions read […]