On 30 June 2014, Lumley became part of Insurance Australia Group Limited (IAG) as part of the acquisition of the Wesfarmers Insurance Underwriting businesses in Australia and New Zealand.
They are now part of IAG’s Commercial Insurance division – the largest commercial insurer in Australia, offering the deepest expertise, most comprehensive distribution and broadest range of products in the market.
With Lumley coming into CGU, we’re bringing the best of both organisations together. This includes new policy wordings under the CGU brand, which incorporate the benefits of CGU and Lumley’s wordings.
Lumley Insurance policies will migrate onto these new CGU products as customers’ renewals fall due from July 2015 onward. The migration process is expected to take about 12 months.
Lumley CLAIMS Comparison (Note through CGU)
Claims ratings prepared by LMI, to see LMI we rate, please visit www.claimscomparison.com/HowWeRate.aspx
Last updated: 17 June 2016
WHEN QUOTING LUMLEY INSURE 247 WILL USE THE STEADFAST POLICY WORDING
With more than 280 brokerages, we have the strength of Australia’s largest insurance broking network behind us. $4.3 billion in sales annually gives Steadfast a lot of bargaining power within the industry to tailor policies and solutions for you.
The General and Products Liability insurance policy has been drafted by Steadfast to provide clients with broad based combined general liability protection for their business activities issued by their insurer panel. The policy includes significant improvements in coverage and conditions not available in policies that are generally available for SME type businesses. To complement the policy wording, Lumley Insurance have agreed to the interpretation of certain clauses as per the Annotated version of the policy.
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