Delta Insurance

Name

Delta Insurance

Legal name

Delta Insurance New Zealand Limited

Website

https://deltainsurance.co.nz

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Insurance Underwriting

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD), Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Commercial Umbrella Insurance (FSAJANAB)

Keywords

• Specialty commercial insurance
• Underwriting agency services
• Liability insurance products
• Cyber risk insurance
• Lloyd's coverholder services

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Commissions: As a Lloyd's Coverholder, Delta receives commissions from Lloyd's underwriting syndicates. The commissions are variable and depend on the type of insurance product and the underlying contractual arrangement with the Lloyd's syndicate. Delta also receives profit share commission based on overall profitability of the underwriting portfolio.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Delta Insurance is a Lloyd's Coverholder and Managing General Agent (MGA) that underwrites and distributes 18 specialty commercial insurance products across Financial Lines and Casualty, Property, Technology, Environmental, Specialty, and Motor lines. Products are tailored for SMEs and mid-market businesses and delivered exclusively through broker partners in New Zealand, Australia, and Singapore. The company accesses Lloyd's market capacity (alongside partners such as Allied World), manages claims in-house, and supports brokers with risk mitigation expertise.

Product overview

Delta Insurance is a Lloyd's Coverholder and Managing General Agent (MGA) that operates as a portfolio of specialized insurance products rather than a unified technology platform. The company offers 18 distinct insurance products across six main lines: Financial Lines and Casualty (Associations Liability, Commercial Legal Expenses, Directors & Officers, General Liability, Optima Management Liability Package, Professional Indemnity, Product Recall); Property (Natural Disaster Deductible Buydown, Material Damage and Business Interruption); Technology (Cyber Liability, Technology Liability); Environmental (CPL, CPEL, Fixed Site); Specialty (Food Manufacturing, Manufacturing, Medical Malpractice, UAV Operators); and Motor (Commercial Motor Vehicle). Products are distributed exclusively through insurance brokers and underwritten in partnership with Lloyd's Syndicates and capacity providers including Allied World.

Differentiator

Problem solved

Functional benefit

Products and services

• Associations Liability Insurance Insurance coverage protecting associations and their directors, officers, and members from claims related to governance, management decisions, and organizational activities.
• Commercial Legal Expenses Insurance Coverage for legal costs associated with defending or pursuing legal actions, including access to a free legal advice helpline for employment issues and business disputes.
• Directors and Officers Liability Insurance Protection for company directors and officers against personal liability for claims arising from mismanagement, regulatory breaches, or wrongful actions.
• General, Employers, and Statutory Liability Insurance Coverage protecting businesses from third-party claims for bodily injury, property damage, and personal injury, including employers' liability and statutory liability coverage.
• Optima Management Liability Package Comprehensive management liability insurance package tailored for SMEs, combining Directors & Officers, Crime, Employment Practices, and Cyber liability coverage with flexible options.
• Professional Indemnity Insurance Insurance protecting professionals from claims arising from negligent acts, errors, or omissions in the provision of their professional services.
• Product Recall Insurance Coverage for costs associated with recalling products from the market due to safety concerns, including notification costs, transportation, and business interruption losses.
• Natural Disaster Deductible Buydown Insurance product that helps reduce or eliminate the deductible businesses must pay when filing claims for natural disaster damage.
• Material Damage and Business Interruption Insurance Combined coverage protecting physical assets from loss or damage and compensating for lost income during the period of restoration following a covered event.
• Cyber Liability Insurance Protection against cyber threats including ransomware, data breaches, business interruption, and privacy breaches, with access to 24/7 incident response support.
• Technology Liability Insurance Coverage tailored for technology companies against claims arising from technology products, services, or professional advice.
• Environmental Liability Insurance – Contractors Pollution Liability (CPL) Coverage for contractors against claims arising from pollution incidents during contracted operations, available in both occurrence and claims-made forms.
• Environmental Liability Insurance – Contractors Professional and Pollution Liability (CPEL) Combined coverage for contractors that integrates professional liability and pollution liability protection for contractors performing professional services.
• Environmental Liability Insurance – Fixed Site Environmental insurance coverage for businesses with fixed operational sites facing environmental hazards and pollution exposures.
• Food Manufacturing Liability Insurance Specialized liability coverage for food and beverage manufacturers, protecting against claims related to product defects, contamination, and recall scenarios.
• Manufacturing Liability Insurance General liability coverage for manufacturing operations, protecting against claims arising from products, operations, and business activities.
• Medical Malpractice and Legal Expenses Defence and Pursuit Cover Coverage for healthcare providers against malpractice claims, including legal defence costs and expenses for pursuing or defending claims.
• UAV Operators Insurance Specialized insurance coverage for unmanned aerial vehicle (drone) operators, covering liability and operational risks associated with commercial drone operations.
• Commercial Motor Vehicle Insurance Insurance coverage for business fleets and commercial vehicles, including coverage for high-value, specialist, or corporate fleets.

Quantifiable outcome

• Over 30,000 risks insured across 18 products
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered strategic and core.

• EbixstrategicTechnology or Integration · 23 June 2026Delta launched its Cyber and Management Liability products on the Ebix Sunrise Exchange platform. The three-way collaboration between Delta, Entsia, and Ebix represents a model for bringing insurance products to market quickly to capture broker demand.
• EntsiastrategicTechnology or Integration · 1 January 2023Entsia is a technology firm that partnered with Delta to accelerate product launches on the Ebix platform. The partnership reduced typical 6-9 month implementation timelines to approximately two weeks. The relationship began in 2023 and companies are exploring further opportunities to expand and use Entsia's platform for additional products.
• Lloyd'scoreStrategic or Co-development PartnerDelta is a Lloyd's Coverholder, providing access to Lloyd's specialist insurance market and underwriting syndicates. Lloyd's is the world's leading insurance and reinsurance marketplace, providing leadership, insight, and risk-sharing expertise. Delta is subject to specific underwriting authorities with Lloyd's Syndicates that regulate what insurance products Delta can offer.
• Allied WorldcoreStrategic or Co-development PartnerAllied World offers diversified insurance and reinsurance products globally, headquartered in Switzerland and owned by Fairfax Financial Holdings. Delta works with Allied World as a capacity partner, providing additional expertise, broader product and geographical support, and financial strength. Delta accesses Allied World capacity via Lloyd's.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ascot Group: Ascot is a specialty insurance group operating through Lloyd's and Bermuda platforms, distributing through brokers across Property, Casualty, and Professional lines. Shares Delta's specialty MGA-style positioning and Lloyd's-centric capital structure.
• CFC Underwriting: CFC is a London-based Lloyd's Coverholder and specialty MGA focused on cyber, professional indemnity, and emerging risks for SMEs. It is the closest direct peer to Delta given shared Lloyd's Coverholder status, intermediated distribution, and SME specialty focus across multiple lines.
• Beazley: Beazley is a Lloyd's specialist insurer with deep expertise in Cyber, D&O, Professional Indemnity, and Specialty lines distributed through brokers. Overlaps directly with Delta's Financial Lines, Technology, and Specialty product mix and Lloyd's market access.
• Hiscox: Hiscox is a Lloyd's-listed specialty insurer serving SMEs and mid-market brokers across Professional Indemnity, Cyber, D&O, and property lines. Comparable to Delta in target customer (SME/mid-market), broker-led distribution, and specialty product portfolio.
• Convex Group: Convex is a specialty insurer and reinsurer launched by ex-Lloyd's executives, writing across Professional, Cyber, Marine, Aviation, and Property lines through broker channels. Comparable in specialty focus and Lloyd's market participation.

Regional players

• IAG New Zealand: IAG is the largest general insurer in New Zealand (AMI, NZI, State brands), competing with Delta across commercial lines, property, and specialty products within Delta's home market. Most direct regional incumbent competitor.
• Vero Insurance (Suncorp): Vero is Suncorp's NZ commercial and specialty insurance arm, competing across commercial property, liability, and specialty products in the NZ market. A regional incumbent that Delta brokers compare against on most accounts.

Broad incumbents

• QBE Insurance: QBE is a top-5 APAC commercial insurer with significant Australian and NZ operations across Commercial Motor, Property, and Specialty lines. A broad incumbent that overlaps with Delta's portfolio but at much greater scale.
• Chubb: Chubb is a global specialty P&C insurer with strong APAC presence across Commercial Property, Casualty, Professional Indemnity, and Cyber. A broad incumbent that competes with Delta for SME/mid-market specialty placements.
• Allianz Commercial: Allianz Commercial is the global mid-market and specialty P&C arm of Allianz, with significant APAC operations across Property, Casualty, and Specialty lines. Competes with Delta for larger specialty placements in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/delta-insurance-new-zealand
• Xx.com/delta_ian

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Delta Insurance