Sterling Insurance Enhances PI Offerings with Lloyd's Binder
New Authority and Team Expansion to Benefit Australian Brokers
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Sterling Insurance has successfully secured a new professional indemnity (PI) binding authority with Lloyd's, a move that promises to provide Australian brokers with greater control over product offerings and pricing structures.
This development is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors.
As a specialist underwriting agency operating under Melbourne-based ATC Insurance Solutions, Sterling has a longstanding history of placing business into the Lloyd's market, particularly within asbestos, environmental, and engineering sectors. The newly acquired binder is expected to enhance the agency's ability to offer more certainty on terms, expedite decision-making processes, and deliver products that are finely tuned to the specialist sectors they serve.
In addition to securing the Lloyd's binder, Sterling is broadening its underwriting appetite to encompass design and construct professionals, training providers, and consultants across engineering, science, and industrial sectors. This expansion includes areas adjacent to construction, marine, energy, and aviation industries, reflecting Sterling's proactive approach to addressing the diverse needs of the professional landscape.
For brokers, this development signifies a more streamlined and responsive experience when sourcing professional indemnity coverage for clients operating in specialised fields. The combination of enhanced authority and an expanded underwriting team positions Sterling as a robust partner in navigating the complexities of professional indemnity insurance.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
The Financial Advice Association Australia has renewed pressure on the Federal Government to limit Compensation Scheme of Last Resort costs for financial advisers, arguing the profession should not carry more than $20 million in total levy exposure while adviser numbers remain under strain. - read more
Artificial intelligence is no longer a side project for technology teams. Fresh industry reporting on Clyde & Co’s Corporate Risk Radar 2026 points to a sharp rise in concern among business leaders, with technology risk now being treated as a core governance, regulatory and reputational issue. For Australian consultants, advisers, designers, engineers, accountants, marketers and other professional service providers, that shift has direct implications for risk management and professional indemnity cover. - read more
A fresh warning from Australian medical indemnity underwriter Tego has highlighted a risk that many businesses are only beginning to confront: artificial intelligence may not fit neatly inside existing insurance categories. As AI tools become embedded in diagnosis, administration, client advice, document drafting, fraud detection and customer service, the question is no longer simply whether a mistake occurred. It is also who made the decision, who controlled the system and which policy should respond. - read more
Sterling Insurance has recently secured a new professional indemnity (PI) binding authority with Lloyd's, a development that promises to provide Australian brokers with greater control over product offerings and pricing structures. This strategic move is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors. - read more
The professional indemnity (PI) insurance market in Australia has experienced significant fluctuations over the past few years, presenting challenges for professionals across various disciplines. Understanding these market dynamics is crucial for securing appropriate coverage and managing risk effectively. - read more
No comments yet. Be the first to share your thoughts.