Register of general insurance

Certain insurers listed below have condition(s) on their authorisation and/or have been authorised by virtue of determinations made by APRA under items 4 and 5 of Schedule 2 of the General Insurance Reform Act 2001. 

• AAI Limited
• Achmea Schadeverzekeringen N.V.
• AIG Australia Limited
• Aioi Nissay Dowa Insurance Company Australia Pty Ltd
• Allianz Australia Insurance Limited

• Allied World Assurance Company Limited
• Ansvar Insurance Limited
• ANZ Lenders Mortgage Insurance Pty. Limited

• Arch Lenders Mortgage Indemnity Limited 
  Notice revoking conditions on authorisation to carry on insurance business in Australia 2021 – Arch Lenders Mortgage Indemnity Limited
• Aspen Insurance UK Limited
• Assetinsure Pty Limited
• Atradius Credito Y Caucion S.A. De Seguros Y Reaseguros
• Auto & General Insurance Company Limited
• Avant Insurance Limited

• Barristers' Sickness and Accident Fund Pty Limited 
  Conditions on authorisation of a general insurer: Barristers' Sickness and Accident Fund Pty Limited
• Berkley Insurance Company
• Berkshire Hathaway Specialty Insurance Company
• BHP Marine & General Insurances Pty Ltd

• Chubb Insurance Australia Ltd
• CIC Allianz Insurance Limited

• Compagnie Francaise D'Assurance Pour Le Commerce Exterieur (trading as Coface Australia)
• Domestic & General Insurance PLC

• Employers Mutual Limited

• Everest International Reinsurance Ltd
• Factory Mutual Insurance Company
• First American Title Insurance Company of Australia Pty Limited
• General Reinsurance Australia Ltd
• Great Lakes Insurance SE
• Guild Insurance Limited
• Hallmark General Insurance Company Ltd.
• Hannover Rück SE
• HDI Global SE
• HDI Global Specialty SE
• Helia Insurance Pty Limited (formerly Genworth Financial Mortgage Insurance Pty Limited)

• Hollard Insurance Company Pty Ltd (The)
• Hollard Insurance Partners Limited
• Hospitality Industry Insurance Limited (formerly Hotel Employers Mutual Limited)

• Insurance Australia Limited
• Insurance Manufacturers of Australia Pty Limited
• Ivory Insurance Pty Ltd

• LFI Group Pty Ltd
• LawCover Insurance Pty Limited 
  Notice varying conditions on Authorisation to carry on insurance business in Australia
• Liberty Mutual Insurance Company
• MDA National Insurance Pty Ltd
• Medical Insurance Australia Pty Ltd
• MIPS Insurance Pty Ltd
• Mitsui Sumitomo Insurance Company Limited
• Munchener Ruckversicherungs-Gesellschaft (Munich Reinsurance Company)
• NorthStandard Limited (formerly The North of England Protecting and Indemnity Association Limited)
• Optus Insurance Services Pty Limited

• Pacific International Insurance Pty Limited
• Petsure (Australia) Pty Ltd

• QBE Insurance (Australia) Limited
• QBE Insurance (International) Pty Limited
• QBE Lenders' Mortgage Insurance Limited

• RAA Insurance Limited
• RAC Insurance Proprietary Limited
• RACQ Insurance Limited
• RACT Insurance Pty. Ltd
• RenaissanceRe Europe AG
• SCOR Reinsurance Asia Pacific Pte. Ltd
• Sompo Japan Insurance Inc.
• Southern Cross Benefits Limited

• Sovereign Insurance Australia Pty Ltd
• St Andrew's Insurance (Australia) Pty Ltd
• StateCover Mutual Limited
• Stewart Title Limited

• Swiss Re Asia Pte. Ltd.

• Swiss Re International SE
• The New India Assurance Co. Limited
• Tokio Marine & Nichido Fire Insurance Co., Ltd.
• Transatlantic Reinsurance Company
• TT Club Mutual Insurance Limited
• Virginia Surety Company, Inc.
• XL Insurance Company SE
• Youi Pty Ltd
• Zurich Australian Insurance Limited

Part VII, section 93 of the Insurance Act 1973 (the Act) authorises Lloyd's Underwriters to write Australian insurance business.

Sections 65 to 73 of the Act provide for special Australian policyholder protection provisions associated with Lloyd's.

• Lloyd's security trust fund instrument No. 1 of 2017
• Lloyd's security trust fund instrument No. 2 of 2017

Lloyd's underwriting members, whether as individuals or companies, conduct their business in groups known as "syndicates". A member may belong to a number of syndicates, varying in size and underwriting different types of insurance and levels of risk. The Lloyd's market currently comprises some 84 syndicates (2009). Each syndicate is an annual venture – at the end of each year, the syndicate ceases writing new business and new syndicates are formed for the following year. It is relevant to note that a member underwrites for its own account on a syndicate; it is not in partnership and does not have any joint liability with any other members underwriting on that syndicate.

In practice, the members usually arrange their own participation in a syndicate or syndicates in conjunction with advice they may receive from their registered "members' agent". Each member must appoint a Lloyd's registered members' agent who will select and/or give advice on syndicate participation and generally administer the member's insurance business. Any particular members' agent may look after many members and is paid a fee and commission from each member.

Syndicates are managed by Lloyd's registered "managing agents". A managing agent is responsible for the underwriting and management of each syndicate it establishes. The managing agent does not perform the underwriting role, this role is performed by suitably qualified and experienced underwriters who are appointed to each managed syndicate. It is the syndicate members who undertake liability under the insurance contracts arranged by these underwriters.

Syndicates may also issue authorities to certain underwriting agents and brokers (known as coverholders) in Australia to accept business within specified classes on their behalf.

Facilitating the conduct of the insurance business by Lloyd's members is the Corporation of Lloyd's, a non-profit organisation which is financed by subscriptions from underwriting members, and provides the physical infrastructure, the administrative staff, the accounting systems and other services which enable the membership to transact insurance business.

General insurers listed as being in run-off are restricted by APRA from writing new or renewal insurance business. However, the company may still be acting as an insurance agent, broker or underwriting agent for other general insurers.

Revoked general insurers have transferred their insurance liabilities to another insurance company. Most of these exits were a result of existing insurance groups adjusting their corporate structures and the insurance liabilities were transferred to a parent or related insurer. In some cases, the brand name of the revoked insurer may continue to exist in relation to its business as an insurance agent, broker or underwriting agent for other general insurers.