Liberty Specialty Markets has again been recognised by Australia’s community of Insurance Brokers as the Specialty Insurer of the Year for 2024. This is the fourth consecutive year that Liberty has been named by NIBA as a leading Australian insurer.
1000 brokers completed a comprehensive market survey which determines the winners of the annual awards. Brokers respond to a range of questions about their overall experience across product and service quality criteria.
“This year Liberty marks 25 years of operations in Australia, and over that time we’ve grown into a billion dollar insurer spanning more than 20 commercial product lines. Receiving NIBA’s recognition in this milestone year is truly special for our team,” said Mike Abdallah who founded and continues to lead the Liberty Specialty Markets business in the region.
We initially started receiving this market recognition in 2021 during a hardening insurance market in Australia, where brokers were finding it increasingly difficult to secure coverage for clients and valued Liberty’s long-term perspective and consistent quality service. To keep being recognised as Specialty Insurer of the Year four years later in very different market conditions further demonstrates the efforts of our team in building valued and sustainable relationships with brokers and clients through the market cycles.”
The Liberty team is now more than 400 strong across Sydney, Brisbane, Melbourne, Perth and Adelaide, and today plays a vital role in insuring more than 20,000 businesses across Australia. Liberty supports a highly diverse portfolio of Australian businesses, and over the past 12 months brokers have engaged Liberty to help their clients secure certainty for some complex and significant projects and activities across Australia. These include:
- The construction of Australia’s largest battery energy storage system
- The boards and officers of almost half the mining and energy companies listed on the ASX
- Around a third of the products for sale in Coles and Woolworths for product recall
- The cast and crew of 20 TV and stage shows for group personal accident and corporate travel
- 500,000+ Australian employees through our excess workers compensation product
- The transportation of $1.6b worth of rice
- The construction of Australia’s largest solar farms in the Central West and New England region of NSW
- The construction of the $5b Western Harbour Tunnel from Birchgrove to North Sydney in Sydney
- 13,000 small businesses through our casualty and PFR programmes
- A mine that extracts rare earth elements used to create powerful permanent magnets used in wind turbines and electric vehicles
- The transport of medical equipment used for detection of cancer, tunnel boring machines, trains and a 80 metre wind turbine blade
- Medical and travel cover for miners in PNG, Nauru, Mali, Burkina Faso, Tanzania and Ivory Coast
“We’re delighted to be supporting the Australian economy in so many different ways, and sincerely thank the broker community for their ongoing trust and support,” said Mr Abdallah.
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