The 35-year-old Australian MGA is writing prestige, luxury, high-performance and classic motor risks for New Zealand brokers on MS Amlin capacity at Lloyd's.
Led by former Swiss Re Corporate Solutions and AIG executive Giuseppe Carone, the Lloyd's-backed MGA will focus on professional indemnity, cyber and management liability risks.
The plan also calls for expanded market-based reinsurance, stronger catastrophe protection, and greater technology investment across the agricultural insurance sector.
The insurer will pursue a further appeal after an appellate authority confirmed a disputed GST demand and penalty relating to the period between July 2017 and March 2022.
Both insurers responded to a Financial Times report on their cover for the trader, which is accused of raising bank credit against invoices for trades that did not exist.
