Global speciality insurer, AmTrust International, has announced the launch of its APRA licensed branch in Australia.
AmTrust Specialty Limited Australia will focus on the legal expenses market in the country.
This milestone marks a significant step in AmTrust’s long-term strategy for Australia. AmTrust International has seen a consistent demand for legal expenses coverage. Establishing a licenced presence enables the company to scale, compete effectively, and support long term business growth in country.
AmTrust Specialty Limited CEO Bruce Whitmee said that their entry into the Australian market for legal expenses insurance represents an important milestone for the company “With a highly skilled underwriting team, and a clear demand from intermediaries, funders, and legal professionals, we are exceptionally well-positioned to grow. This expansion reflects our long-term commitment to Australia and our ambition to build a sustainable presence that brings AmTrust’s global strength and expertise closer to our customers,” he said.
AmTrust International’s after the event and before the event offering supports individuals and businesses who may otherwise be deterred from pursuing or defending legal action due to financial risk. The product suite will be distributed through insurance intermediaries, litigation funders and solicitors.