Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder

As a specialist underwriting agency under Melbourne-based ATC Insurance Solutions, Sterling has a longstanding history of placing business into the Lloyd's market, particularly in areas such as asbestos, environmental, and engineering sectors. The acquisition of this new binder signifies a clear advancement for brokers and their clients, offering more certainty on terms, expedited decision-making processes, and products that are finely tuned to the specialist sectors Sterling serves.

Mike Stephens, the underwriter instrumental in securing the binder, highlighted Sterling's broadened appetite to include professionals in design and construction, training providers, and consultants across engineering, science, and industrial sectors. This expansion encompasses industries adjacent to construction, marine, energy, and aviation, reflecting Sterling's commitment to addressing the evolving needs of the market.

In addition to the new binding authority, Sterling has bolstered its underwriting team by appointing experienced underwriters in key Australian states. This strategic expansion aims to place decision-makers closer to brokers, ensuring more responsive and locally informed service. The recent additions of Leanne Leach in Brisbane and Gemma Sturgeon in Western Australia, along with plans for further appointments in Melbourne, underscore Sterling's dedication to enhancing its presence and capabilities across the country.

For Australian businesses and professionals seeking comprehensive and customised professional indemnity insurance solutions, Sterling's recent developments offer promising avenues. The combination of a new Lloyd's binding authority and an expanded team of seasoned underwriters positions Sterling as a formidable player in the Australian insurance landscape, ready to meet the diverse and complex needs of its clientele.