Media Release

Important Announcement

We are delighted to inform you that with effect from 8 December 2017, Steadfast will acquire Axis Underwriting Services Pty Ltd (“Axis”).

This recognises the excellent reputation of Axis and the services we have been providing to you and many other partners since 1999.

Axis has established strong and valued relationships with our partners over many years. This change allows us to expand services and ultimately the value that we bring to you by combining Steadfast’s strength and network, both domestically and internationally, with our expertise. Steadfast’s investment recognises the strong brand which has been built, and the quality of the Axis management team and employees.

Axis has been a Steadfast Partner since 2009, meaning we already have a strong working relationship on which to build. In addition, Steadfast Group and Axis are strategically and culturally aligned, and we look forward to working closer together to grow the businesses.

There will be NO CHANGE in our day-to-day activities, and it will be BUSINESS AS USUAL.

  1. The name, address, telephone and other contact details will remain unchanged.
  2. There will be no change in the familiar persons with which you have been dealing over many years.
  3. The company will continue to be led by:

Gary Dawson      Managing Director
Ivan Verescuk     General Manager

We assure you, our valued partner, that we are dedicated to continuing to service your insurance needs in the professional and valued way to which you have become accustomed.

We are very excited about the future, in the firm belief that, with Steadfast, we will not only continue to deliver a high level of service, but will also enhance the insurance support with which you are so familiar.

Please feel free to contact the Axis management team if you have any queries.

E     info@axisunderwriting.com.au

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The Steadfast Group

In 1996, 43 independently owned insurance brokers joined forces in the belief that quality advice and service were paramount in the Insurance Industry and Steadfast was born. Today they are the largest general insurance broker network in Australasia with more than 360 brokerages and more than 1,300 offices.

They are an ASX 200 Listed company, a market leader in the industry and an innovator in insurance broking and underwriting agencies. As at 1 December 2017, their market capitalization is in excess of A$2.1 billion. For more information please visit www.steadfast.com.au.

Award winning property insurance – 2 years in a row!

Axis are excited and honoured to announce that we are the recipient of the Gold Medal in the Property Category of the Insurance Business Brokers on Underwriting Agencies 2017 Survey – for the second year running!

We would like to take this opportunity to extend a huge thank you to each and every one of our broker clients for your continued support. You have been instrumental in the success Axis has built throughout our 17 years in operation.

Axis Underwriting takes pride in providing stable, consistent and reliable underwriting solutions for Australian insurance brokers. These core principles are integral to our brand, and we look forward to upholding them well into the future.

For more information on our award winning Property Insurance products, please click here.

To view our full risk appetite, please click here.

New Axis Appointment – Manager, NSW

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Axis are excited to announce the appointment of our new Manager – NSW, Andrew Mitchell. Andrew is heading up the Axis team in NSW, and is responsible for managing relationships with our NSW and ACT brokers.

Prior to joining Axis, Andrew was the Production and Risk Manager – NSW at Acerta. Andrew is a technical property underwriting specialist, with over 25 years of experience both in Australia and the United Kingdom.

Andrew is replacing Emily Walker, who will now transition to her new role within Axis as National Development Manager.

New Appointment: Axis National Development Manager

Axis Underwriting are very pleased to announce the appointment of Emily Walker to the newly created role of National Development Manager. Emily commenced with Axis Underwriting in 2011, and since then, has played a fundamental role in the growing success of the organisation.

In her new position, Emily will be responsible for the development of broker relationships nationally, including key partnerships, cluster groups, and networks, which all contribute significantly to Axis’ business. The role will also involve coordination of development activities – exhibiting at Conferences and Underwriting Expos.

Emily will transition from her current role as Manager, NSW when a replacement is named for that position.

Changes to the New South Wales Emergency Services Levy

Important Notice

The New South Wales Government has passed legislation to abolish the Emergency Services Levy (ESL) – known also as Fire Services Levy (FSL) – from insurance premiums with effect from 1 July 2017 and replace it with a property-based levy as part of council rates creating a fairer system for all.

On 22 July 2016, under Section 30 of NSW Emergency Services Levy Insurance Monitor Act 2016, the NSW Emergency Services Levy Monitor published the following notice in the NSW Government Gazette.

It is a requirement for all insurers (and those acting on an insurers behalf) that this notice be issued with all quotes and renewals where a NSW ESL charge applies.

The Fire Services Levy (ESL) component of insurance premiums relates to the financial year the policy was taken out and not to the policy period, however, insurers are still required to meet their full FSL obligations for the 1 July 2016 to 30 June 2017 financial year.

To ensure we can meet our collection obligations, we have determined that the FSL charges should be revised and the following new rates will be effective from 16 July 2016.

Product Current New
Fire / ISR/ Consequential Loss / Commercial Strata 31.5% 40.0%
Residential Strata / Bed & Breakfast 17.5% 20.0%

We will review these rates on a regular basis through the financial year to determine necessary adjustments with the intention of reducing the rates over the year to zero % prior to July 2017.

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MESSAGE FROM THE NSW EMERGENCY SERVICES LEVY INSURANCE MONITOR

Reductions in insurance premiums caused by changes to the funding of emergency services

The way the NSW Government funds the Emergency Services agencies is changing – there will no longer be a levy on your insurance policy.

Currently, individuals and businesses insuring property in NSW contribute to the Emergency Services Levy as part of their insurance premiums.  This levy supports the work of Fire and Rescue NSW, the NSW Rural Fire Service and the NSW State Emergency Service.  These vital community services help NSW residents and businesses protect their property from fire, flood, storms and other natural disasters.

Your current Emergency Services Levy is detailed on your insurance policy statement.

For policies commencing from 1 July 2017, the NSW Government intends that the Emergency Services Levy will no longer be included as part of the cost of your property insurance.  This means that insurance premiums will be lower than would otherwise be the case.

The NSW Government appointed Professor Allan Fels AO and Professor David Cousins AM as the Emergency Services Levy Insurance Monitor and Deputy Monitor, respectively, to head an independent agency overseeing the removal of the Emergency Services Levy.  The Monitor aims to ensure that any cost savings arising from the removal of the Emergency Services Levy are passed on in full.

From 2017-18, funding for the emergency services agencies will be collected alongside local council rates.  Councils will clearly show the new levy as a separate item on your council rates notice.  This change in the method of collecting funding for those agencies is intended to ensure all property owners contribute their fair share to the cost of emergency services, rather than only those choosing to insure their property.  The Government has indicated this change will not reduce the funds available to the emergency services agencies.

Please get in touch if you would like further information.

If you have any questions about how this change will impact the cost of your insurance, please contact Axis Underwriting Services Pty Ltd.

If you would like further information on the insurance side of Emergency Services Levy Reform and the removal of the ESL you can contact the Monitor on  Ph: 1300 607 723   or  enquiries@eslinsurancemonitor.nsw.gov.au   or   www.eslinsurancemonitor.nsw.gov.au

If you require further information about the property levy side of Emergency Services Levy Reform and the new ESPL, please email your enquiries to ESPL.info@treasury.nsw.gov.au.

Axis Underwriting Services is here to stay

Brokers will have seen media reports announcing the withdrawal of International Insurer – Axis Specialty Australia.

We would like to confirm and reassure you that:

Axis Underwriting has no relationship with Axis Specialty or Axis Capital, and is not closing or withdrawing from any product lines.

Axis Underwriting is a leading Underwriting Agency backed by Lloyd’s, and have been dedicated to serving Australian brokers for over 15 years.

Axis Underwriting continues to provide solutions to our broker partners through our specialist product lines:

 

Should you have any questions or concerns, please contact us:

Gary Dawson
Managing Director
         03 8660 7001
E          gary@axisunderwriting.com.au

Jeff Campbell
Underwriting Manager
T          03 8660 7002
E          jeff@axisunderwriting.com.au

Emily Walker
Manager NSW
T          02 9216 7201
E          e.walker@axisunderwriting.com.au

Willem de Graaf
Manager QLD
         07 3117 3707
E          w.degraaf@axisunderwriting.com.au

New Liability Team Appointment – Alix Matthews

We are pleased to announce that our Liability team is growing. Alix Matthews has joined Axis to assist Gerry Craig in the development of our Liability portfolio. Alix has a wealth of experience placing difficult Liability risks into Lloyd’s in her previous role at SRS.

We continue to consider a broad range of Liability risks including; Manufacturing, Importing, Wholesaling, Retailing, Contracting and Property Owners among others, and are always happy to discuss your client’s needs.

The Risk Appetite Matrix has been updated on our website to provide a clear outline of risks we can consider.

Contact your Axis Underwriter or our Liability team:

Gerry Craig
T 03 8660 7004
E g.craig@axisunderwriting.com.au

Alix Matthews
T 03 8660 7015
E a.matthews@axisunderwriting.com.au

By |Axis, Media Release|May 20, 2015

Axis has relocated!

The team at Axis Underwriting are excited to announce the relocation of our offices in both Melbourne and Sydney.

Axis Managing Director Gary Dawson said, “The ongoing success of Axis has seen us quickly outgrow our offices, creating the need for us to move into larger spaces”.

Along with the change of our addresses, Axis also has new phone numbers you can contact us on. For all new contact details please refer below.

You can now find Axis Melbourne on Collins Street:
Level 5, 90 Collins Street
Melbourne VIC 3000
Ph. 03 8660 7000

You can now reach Axis in Sydney at:
Level 11, 23 Hunter Street
Sydney NSW 2000
Ph. 02 9216 7200

By |Media Release|December 17, 2014

Axis appoints a Product Development Manager

Axis Underwriting Services is very pleased to announce the appointment of Ivan Verescuk to the team.

Ivan has 25 years of insurance industry experience, having held senior operations and product management roles throughout his career.  He is passionate about the insurance industry and thrives on achieving outcomes which deliver efficiency, innovation and value for all stakeholders.

Gary Dawson, Managing Director said, “Axis is committed to continually developing new product lines to meet the needs of our broker network. Ivan’s experience with product development and innovation ensures that this remains a strength of the Axis brand.”

By |Axis, Media Release|October 29, 2014

Axis Underwriting announces major improvements to Commercial Strata policy

Axis Underwriting is a leading Strata Insurance market for commercial, industrial and mixed tenancy strata risks.

Today, Axis Underwriting’s Managing Director, Gary Dawson, announced major changes to its Commercial Strata Policy.