News

Axis awarded gold medal in broker survey

Axis is excited and honoured to announce that we have been awarded a gold medal in the Property Category of the Insurance Business Brokers on Underwriting Agencies 2016 survey!gold-medal_v2

We would like to thank each and every one of our broker clients for your continued support. You have been instrumental in the success Axis has experienced as an underwriting agency for the 16 years we have been in operation.

Axis truly prides itself in providing stable, consistent and reliable underwriting solutions for Australian insurance brokers. Stability, consistency and reliability are integral to the Axis brand, and we look forward to upholding these principles well into the future.

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

To view our full risk appetite please click here.

By |Axis, Feature, Industry News, Property|November 18, 2016

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.

______________________________________________________________________________________________________________________________


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

Strata Insurance NSW

In recent times we have received a number of enquiries regarding Lloyd’s Underwriters’ authority to write strata business in NSW. We address these queries below.

The NSW Strata Schemes Management Act 1996 states that insurance must be taken out with an approved insurer. The NSW Fair Trading website stipulates that approved insurers are those authorised by APRA for general insurance.

Lloyd’s Underwriters are authorised to write insurance business in Australia pursuant to Section 93 of the Insurance Act 1973, and are regulated by APRA. Sections 65 to 73 of the Act provide for special Australian policyholder protection provisions associated with Lloyd’s. A$2.3B security is held in Australian Trust Funds (figure as at 31 December 2014).

Should you wish to find out more about the Lloyd’s market, we have included some links below.

Related Links

    APRA website

For more information on Lloyd’s Underwriters authorised status visit; http://www.apra.gov.au/GI/Pages/Lloyds-in-Australia.aspx

    Lloyds Security

To view further information on the financial security of the Lloyd’s Market visit; http://www.lloyds.com/lloyds/investor-relations/lloyds-capital-structure

    Lloyd’s in Australia

Click this link to read more;
http://www.lloyds.com/lloyds/offices/australasia/australia

New Claims Team Appointment

We are pleased to advise the appointment of Penny Paton to our claims team.

Penny brings many years of claims handling experience to the team including both Residential and Commercial claims experience.

The addition of Penny to the team will assist us in maintaining our prompt claims response times, and high standard of claims service to our brokers.

New claims and claims correspondence can be emailed to: claims@axisunderwriting.com.au

You can also call Joanne Elvey or Penny Paton on 03 8660 7000.

By |Axis|June 12, 2015

Commission Increase for Commercial Strata

Great news!

Axis is increasing commissions for Commercial Strata Insurance.

Axis has a leading position in the Commercial Strata market particularly in mixed tenancy industrial risks. We are very pleased to announce a 5.0% increase in commission to our supporting brokers for this product.

We will now pay brokers 20.0% commission on all Commercial Strata policies.

20.0% commission will apply to all new and renewed Commercial Strata policies incepting on or after 01.07.2015.

This means Axis will now pay 20.0% on both Commercial and Residential Strata.

Call the team at Axis to place or renew your Commercial Strata policies.

Melbourne:  03 8660 7000
Sydney:         02 9216 7200
Brisbane:      07 3007 3600

Click below to download our Commercial Strata Proposal Form:
Commercial Strata Proposal

Click below to download a copy of the Policy Wording:
Axis Commercial Strata Policy – from 01.07.2012 – v4/2012

Volunteering for Anglicare Victoria

Anglicare Victoria do an amazing job with their breakfast program for the homeless, a program we are so happy to be a part of. It’s wonderful to see our new starter Alix, volunteering this week to help Anglicare cook up a hot BBQ breakfast. For more information about Anglicare and to contribute in your own way, visit their website: www.anglicarevic.org.au

 

By |Axis|June 5, 2015

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

Cyclone Marcia

Cyclone Marcia is crossing the Capricorn Coast and threatens Rockhampton and Yeppoon and areas south.

We hope our clients in the affected areas stay safe.

For claims assistance, please call Axis Claims on 03 8660 7000 during office hours.

For urgent claims damage assessments after hours, please call Cunningham Lindsey Adjusters 1800 811 285.

By |Axis, Claims|February 20, 2015

New Axis Liability Appointment

Axis is very pleased to announce the appointment of Gerry Craig as National Liability Underwriter.

Gerry has extensive Liability experience and is well known to brokers in the Liability market.

Axis has also negotiated new Liability Binder facilities with a much broader appetite, and can now consider an extensive range of businesses, trades and occupations.

We have updated the Risk Appetite Matrix on our website to provide a clear outline of risks we can consider.

Gary Dawson, Managing Director said that the appointment of Gerry and the new facilities is an exciting development which will provide brokers with a clear choice in both the property and liability markets.

Please feel free to contact Gerry directly with your liability enquiries on:

Phone: 03 8660 7004

email: g.craig@axisunderwriting.com.au

Alternatively, please contact your Axis underwriter.

By |Liability|February 4, 2015