Broker Letter Re Motor

Berkley Insurance Australia | 9 SEP 2016

We are writing to inform you that with effect from 30 September 2016 Berkley Insurance Company trading as Berkley Insurance Australia (BIA) has agreed to sell our Motor and Fleet Motor business to Pen Underwriting Pty Ltd (Pen) [formerly SRS Underwriting Agency Pty Ltd (SRS)]. 

At the same time the BIA underwriters have agreed to commence with Pen on 1 October providing a seamless communication channel for brokers.

Pen/SRS has been participating in the Australian motor insurance market for over 20 years, offering their brokers quality technical underwriting skills, and excellent service standards. As a growing force in the underwriting agency market, Pen offers an excellent alternative for brokers utilizing the existing Berkley motor products.

Further details will be provided as your current motor and fleet motor policies fall due for renewal. In the meantime, BIA will continue to manage all claims and endorsements for existing policies.

This arrangement in no way impacts other BIA products distributed though broker or underwriting agencies. BIA is committed to broadening its suite of liability and professional indemnity offerings and deepening its extensive broker relationships.

BIA will continue to offer you industry leading products and services consistent with our three essential founding principles of:

* expert local underwriting;

* fair and fast claims handling; and

* financial strength (“A+ (Strong)” by Standard and Poor’s and “A+ (Superior)” by A.M. Best Company) .

Both Berkley Insurance Australia and Pen Underwriting are available to answer any questions or concerns you may have, you can contact us on the below contact details.

Berkley Insurance Australia – 1300 800 772

Pen Underwriting  - Jenny Prendergast – 07 3056 1457

Thank you kindly