Delta Insurance launches in Australia

Specialist insurer Delta has launched in Australia and will be headed up by Stephen Carey. He was most recently at Chubb, where he held a number of underwriting, management and business development roles.

The insurer is initially offering cover for professional indemnity, cyber insurance and commercial liability, with plans to expand its offering in the coming months.

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

Delta Insurance was established in 2014 and became the first Lloyd’s coverholder in Singapore. It is now active across the region, including in Hong Kong, Taiwan, Malaysia, Thailand, Vietnam and Indonesia.

Co-founder Ian Pollard said the time was right to cross the Tasman. “[Australia] is one of the biggest insurance markets in the world,” he said.

“We have been building a business case to launch in Australia since we started Delta Insurance, and we’re excited that moment has arrived.”

Co-founder Craig Kirk said the insurer was focused 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.”