Criterion Underwriting has announced the launch of its new Australian Prudential Regulation Authority (APRA)-approved and A-rated insurance offerings.
This move aligns with the company’s strategic objective to enhance the reliability and quality of its insurance solutions for complex risk scenarios.
Sam Mayne, managing director of Criterion Underwriting, said the launch demonstrates the firm’s commitment to providing secure and reliable insurance products.
“We are thrilled to offer APRA-approved and A-rated paper to our clients,” he said. “This achievement reflects our dedication to excellence and our unwavering commitment to providing our clients with the most secure and dependable insurance products available. Our clients can have full confidence in our ability to meet their needs now and in the future.”
With this advancement, Criterion Underwriting is poised for continued growth and expansion, both domestically and internationally, as it marks its fifth year of operation.
The launch of new APRA-approved, A-rated insurance solutions follows Criterion Underwriting’s expansion into the UK and New Zealand market.
Early this year, it expanded into the UK market via OneAdvent, a specialist managing general agent and broker services platform.
Operating out of Brisbane, Criterion Underwriting supports Criterion Ltd in London, targeting sectors such as waste management, recycling, and mining. OneAdvent enabled the UK launch by providing regulatory, compliance, and business oversight.
According to Criterion Underwriting’s website, Kinsella also manages operations in Ireland and Canada, with plans for a US expansion underway.
Most recently, Criterion Underwriting has announced its expansion into the New Zealand market.
Commenting on the New Zealand market expansion, Mayne emphasised the strategic importance of the move.
“New Zealand has been on our radar for a while, and we are thrilled to officially extend our capabilities into the region,” he said.
Jeremy Priest, the firm’s commercial director, pointed out the limited availability of specialised insurance in New Zealand’s waste and recycling sector.
“We see New Zealand as a natural extension to our business in Australia,” he said. “Given the limited market for waste and recycling insurance, our expansion opens doors to tailored insurance solutions for a highly specialised industry.”
