Successful renewal of FI and PI Binders for 2025 – 2026
LAUW is pleased to announce the successful renewal of its Financial Institutions and Professional Indemnity Binders, with effect from 1 April 2025.
Financial Institutions
Lead syndicate Munich Re continues with its support by expanding its risk appetite and authority levels for Australia and New Zealand domiciled risks, both in recognition of LAUW’s strong historical financial performance and underwriting expertise in the region, whilst also ensuring LAUW remains highly competitive throughout the changing market cycle.
LAUW is also proud to continue its relationship with markets Beazley, Faraday, Casper and Markel.
Some key highlights of LAUW’s Financial Institutions Binder renewal include:
- Expansion of target business appetite.
- Increased capacity for Financial Planner risks.
- Automatic Reinstatements on certain coverage sections.
- Increased Social Engineering Fraud sub-limits.
Reach out to our FI underwriting team to find out more.
About Munich Re
Munich Re Syndicate 457 is a leading Lloyd’s market carrier with a wealth of experience and underwriting expertise offering comprehensive insurance and reinsurance solutions. Entering the Lloyd’s market in 1977, Syndicate 457’s performance, resilience and success has brought greater financial strength and capital backing to Munich Re Group, further enhancing its positioning in the global insurance market. This growth and stability led to the Syndicate being rebranded as Munich Re Syndicate Limited in January 2016. Having already established a life and health reinsurance presence in the Asia Pacific region, Munich Re entrusts LAUW to underwrite Financial Institutions risks exclusively in Australia and New Zealand on its behalf. To find out more about Munich Re Syndicate, head to their website.
Professional Indemnity
LAUW has once again concluded the successful renewal of its core Professional Indemnity binder for the 2025 – 2026 year of account.
The security remains unchanged from the previous year with AEGIS E&O Consortium 4894, led by AEGIS Syndicate 1225, leading the placement, strongly supported by Atrium 0609 and Faraday 0435.
Key highlights of LAUW’s Professional Indemnity Binder renewal include:
- A further broadening of appetite including a greater focus on certain occupations such as underwriting agencies, insurance brokers and real estate.
- Rate adjustments for certain activities to ensure LAUW remains competitive in the current market cycle.
- Line size of up to $15,000,000 any one risk both primary and excess of loss.
While LAUW currently underwrites a broad array of professions and occupations there will be a specific push in certain areas, including but not limited to the Media space and Solicitors Top-Up.
About Aegis
Founded in 1999, AEGIS has been operating in Lloyd’s market for 26 years. The Syndicate benefits from the security ratings of AA- (stable) and A (excellent) assigned to Lloyd’s by Standard and Poor’s and AM Best respectively. For 8 years in a row, AEGIS claims service rated outstanding in the annual Gracechurch London Market Claims Survey. Aegis entrust LAUW to underwrite Professional Indemnity in Australia and New Zealand on its behalf. To find out more about AEGIS, head to their website.
About LAUW
LAUW has been operating in the Australian financial lines market since 2005. Having now been established for over 20 years LAUW has firmly cemented its position at the head of the Australian financial lines market, with a wide choice of innovative products backed up by one of the most experienced underwriting teams in the market.
We look forward to working with our supporting brokers in 2025 and into 2026 as partners in the insurance process, working together to achieve the best outcomes for our mutual clients.
All of LAUW’s capacity providers are backed by the financial strength and credit ratings of Lloyd’s, which can be found here.
Thank you to all LAUW’s broking partners and policyholders for their continued support.