MLX Risk Partners has secured its Australian Financial Services Licence (AFSL), the company announced on Wednesday.
The Sydney-based company was granted the license on 1 July and is authorised to deal in general insurance products for wholesale clients, according to the Australian Securities and Investments Commission’s register.
Under the licence, MLX Risk Partners is authorised to deal in financial products by applying for, acquiring, varying or disposing of general insurance products on behalf of another person. The authorisation is limited to wholesale clients.
MLX described the AFSL as “another massive step forward” and acknowledged managing director Sam Reid, group CEO David Porteous and group CFO Michael Atkinson among those involved in the process.
The approval follows MLX’s separation from Market Lane Insurance Group earlier this year, after Market Lane said it had completed a sale of business and assets agreement with MLX Risk Partners on 31 March 2026.
That transaction established MLX as a wholly independent wholesale underwriting and placement company, with Reid leading the business as managing director.
MLX focuses on complex commercial risks across Australia and New Zealand and lists itself as a Lloyd’s coverholder.
