Miramar Underwriting

What's Going On

It is no surprise that Miramar has evolved so quickly to be a force within the market; we keep up to date with what is happening in our industry and react accordingly.

Our news section is updated with information that will assist you.

Miramar Asset Protection Update

04.06.09

Firstly thank you to the members that have supported this product since its inception in early March. The submission levels combined with a strong strike rate would suggest this is a market leading product that members have embraced.

4 sections – Material Damage, Business Interruption, Liability and Management Liability. Section 1 and 2 based on the Steadfast ISR wording format.

• Full Accidental Damage
• Machinery included up to $250,000 inc BI cover
• Transit
• Temporary Removal
• Auto Money Limits
• Full blown ML wording (up to 2m limit)
• 20% commision
• LAOL Basis, Not Sun insured (limit $20m)
  

What have we been successful with in May?

• Supermarket
• Hardware – Retail/Wholesale
• Freight Forwarder
• Publisher/Printer
• Tile importer
• Property Owners – across many risk types
• Design/supply of irrigation equipment
• Shopping Centre
• Medical Centre
• Clothing Manufacturer
• Clothing Importer
• Licensed Clubs
• Warehouse – electrical products
• Plus way more
  

IMPORTANT REMINDER

Our reserving policy :
We will reserve only to the first completed submission received.

What this means is if you do not slip us and work with us then there is a very real chance you will come up against us.

Our team are ready to assist you.

New Business

Peter Takos
ptakos@miramaruw.com.au
Tel: 02 8962 2712

Adam Thackeray
athackeray@miramaruw.com.au
Tel: 02 8962 2718

John Goodman
jgoodman@miramaruw.com.au
Tel: 02 8962 2714

Jerome Futardo
Jfurtardo@miramaruw.com.au
Tel: 02 8962 2721

Miramar Suncorp Joint PI Statement

05/03/2009

Miramar Underwriting Agency Pty Limited and Suncorp Metway have mutually agreed to cease their Professional Indemnity (PI) underwriting arrangement.

This arrangement was originally entered into to provide all members of the Steadfast Group with access to Suncorp Metway security across all our product lines and granted Miramar the authority to underwrite bind and issue policies for professional indemnity insurances.

This agreement will cease with effect from 14th March 2009 for New Business and 1st April 2009 for all Renewal Business.

A twelve month moratorium on Suncorp PI renewal business held with Miramar has been agreed and your ongoing PI requirements will be met and serviced by Miramar.

Miramar and Suncorp are continuing their relationship in respect to the property and liability portfolios.

The termination of this agreement will not diminish product availability or service to the Steadfast Group in anyway.

Any questions regarding this release should be directed to:

Miramar
Stuart Finlay
PH: 02 8962 2703

Suncorp
John Phillips
PH: 02 9295 4354

Miramar and Lloyd's

19/02/2009

Miramar have been operating 3 binders into Lloyd's since inception of the company in 2005. In this short period of time the three facilities of Property, Casualty and PI/D&O has grown to over $20m (AUD).

As all three facilities are well established and a premium base is established we are excited about the continued possibilities that this market can present to Australian brokers.

Property

We write a varied occupation type under this cover, with flexibility to compete in all states of Australia. Whilst the book is predominantly low to medium hazard business (or local market business) we do have the capability to compete on higher hazard risk types

Liability

Miramar operates a wide ranging facility up to $20m AUD across over 450 different occupation types. The facility operates under full binding conditions with the added ability to access key markets for that business that is a little harder to place. This facility has grown very quickly built on quality service and competitive pricing.

PI

Although our PI book is predominantly miscellaneous in nature we do have a natural slant and expertise towards Engineering or design and construct exposures. This is a well established facility that has operated sucessfully on industry proven wordings coupled with market competitive pricing.

Miramar and Lloyd's a combination that gets results.Keep up to date with our news section for Lloyds as we are soon to announce to new exciting product initiative.

From the Liability team

19/02/2009

It has been sometime since we have informed brokers of news concerning the Liability side of Miramar, news such as our risk appetite and strengths, improvements in excesses and finally a guide of who to go to in the team.The capabilities and depth of knowledge of our underwriting capacity allows us to offer competitive pricing on a broad range of businesses from SME's to Corporates, and this hasn't changed. We have however been able to reduce EXCESSES on the majority of our occupations to fall in line with our competitors.

We feel this is a major move which will allow us to remain competitive in the market whilst providing solid authorized security.Below are some examples of the occupations where Miramar have been successfully in helping Brokers win new business;

• Food Manufacturer
• Clothing Manufacturer
• Plastic Manufacturer
• Steel Fabrication
• Restaurant/Cafe
• Supermarkets
• Function/Reception Centre
• Contract Cleaning Services
• Sprinkler Installation
• Shopping Centre Property Owners
• Property Owners
• Various Manufacturing and Engineering risks INCLUDING US EXPORTS
• Wholesaling Operations

These occupations are just a sample of our 400 classes of business we can quote onPlease remember Miramar supports Steadfast approved wordings on all our covers.In order for you to have your quote/renewal/query dealt with efficiently please find below the details of our Underwriting, Administration and Claims team.

New Business Quotes

Michael Carroll on mcarroll@miramaruw.com.au or 02 8962 2728

John Goodman on jgoodman@miramaruw.com.au or 02 8962 2714

Renewals

Kym Raymen on kraymen@miramaruw.com.au or 02 8962 2713

Administration/Processing

Alex Kelly on akelly@miramaruw.com.au or 02 8962 2725

Chermaine Bentley on cbentley@miramaruw.com.au or 02 8962 2730

Claims

Geraldine Grace on ggrace@miramaruw.com.au or 02 8962 2719