Australian Lloyd's Coverholder

Mainstay Underwriting is a wholly Australian owned and managed Coverholder.

Mainstay Underwriting is not a retail broker, and does not arrange or place cover direct to the public. All our policy covers can be sourced via a suitably experienced Australian Financial Services provider ie ‘Insurance Broker’.

With our wealth of experience in the Motor Trade, Dealership and Property insurance industry, we have bespoke business insurance packages for select specialist brokers throughout Australia. Whether your client has unoccupied property or land, operates a small yard for used vehicles or a large franchised dealership selling used vehicles, we will have an insurance package that’s tailored for you.

Our bespoke offering includes:

  • Highly competitive premiums for risk managed businesses
  • Bespoke covers built by us for your client
  • Flexible covers, only insure what you need

Who is Lloyd’s

Lloyd’s is the world’s specialist insurance and reinsurance market.

With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers who cover more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress.

Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.

For information on Lloyd’s, their members and their capacity, please visit

What is a Lloyd’s Coverholder

Coverholders allow Lloyd’s syndicates to operate in a region or country as if they were a local insurer. This is achieved by Lloyd’s syndicates delegating their underwriting authority to coverholders.

Mainstay Underwriting is an approved Lloyd’s of London coverholder. We are authorised by Lloyd’s managing agents to enter into contracts of insurance to be underwritten by the members of a syndicate managed by it in accordance with the terms of a binding authority. Our binding authority appoints Mainstay Underwriting, to underwrite on behalf of, and bind the risk capital of the Lloyd’s syndicates and markets that are signatories to the binding authority.