What AUSTAGENCIES does

Austagencies Pty Ltd (ABN 76 006 090 464, AFSL 244584) is an Australian underwriting agency platform and wholly owned subsidiary of AUB Group, operating a portfolio of specialist underwriting brands distributed exclusively through the Australian insurance broker channel. The company is organised under three pillars: General Commercial Underwriting (anchored by the 360 Underwriting Solutions brand), SURA Specialty (nine vertical sub-brands covering construction, cyber, engineering, labour hire, liability, life sciences, motor dealers, professional risks, and technology risks), and Strata (Longitude, Rubix Underwriting, and Strata Unit Underwriters). Capacity for the strata book is supplied by Chubb Insurance (Longitude) and IAG (SUU), while other lines are underwritten on Austagencies' own paper as a licensed AFSL holder.

The business is broker-intermediated end-to-end: Austagencies does not sell directly to insureds, and underwriting staff work directly with brokers to place complex, hard-to-place, or industry-specific risks. The portfolio spans general commercial, construction, cyber, engineering, labour hire, liability, life sciences, motor dealer, professional indemnity, technology, and strata exposures, with pricing determined per-risk rather than via published tiers and billing typically handled on a monthly basis. Operations are run from six offices — Sydney (head office, North Sydney), Brisbane, Melbourne, Adelaide (McLaren Vale), Hobart, and Perth — covering all mainland states plus Tasmania.

Austagencies is currently mid-restructuring following AUB Group's 2024 acquisition of 360 Underwriting Solutions, which is being absorbed into the General Commercial Underwriting pillar. No proprietary technology platform, AI capability, API offering, or mobile product is disclosed; underwriting judgement and broker relationships appear to be the core operating assets, and the company's stated forward direction emphasises further consolidation and platform development under the three-pillar model.

Name

AUSTAGENCIES

Legal name

Austagencies Pty Ltd

Website

https://austagencies.com.au

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Austagencies is an Australian underwriting agency group and AUB Group subsidiary that distributes specialist insurance — spanning construction, cyber, engineering, liability, life sciences, motor, professional, technology, and strata — exclusively through insurance brokers across six Australian offices.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting

NAICS

Insurance Carriers (5241), Insurance Carriers and Related Activities (524), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Insurance Agencies and Brokerages (52421)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Underwriting Decision Support & Rules Engines (FSAOAIAD)

Keywords

• Specialty insurance underwriting
• Underwriting agency services
• Strata insurance coverage
• Construction insurance cover
• Broker channel distribution

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Underwriting: Austagencies generates revenue through insurance underwriting operations. As a collection of underwriting agencies, the company underwrites specialized insurance products across multiple lines including general commercial, construction, cyber, engineering, labour hire, liability, life sciences, motor dealers, professional risks, technology risks, and strata insurance. Revenue is generated from premium income on the policies underwritten through their broker distribution network.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Austagencies is a collection of underwriting agencies that provides specialist insurance underwriting solutions to licensed insurance brokers across Australia. Operating under three pillars - General Commercial Underwriting (360 Underwriting Solutions), SURA Specialty (construction, cyber, engineering, labour hire, liability, life sciences, motor dealers, professional risks, technology risks), and Strata (Longitude, Rubix Underwriting, Strata Unit Underwriters) - the company underwrites complex, niche, and high-hazard risks that standard insurers do not readily accept, distributing exclusively through the broker channel.

Product overview

Austagencies is a collection of underwriting agencies operating under a three-pillar model: General Commercial Underwriting (360 Underwriting Solutions), SURA Specialty (including SURA Construction, SURA Cyber, SURA Engineering, SURA Labour Hire, SURA Liability, SURA Life Sciences, SURA Motor Dealers, SURA Professional Risks, and SURA Technology Risks), and Strata (Longitude, Rubix Underwriting, and Strata Unit Underwriters). The company serves insurance brokers by providing specialist insurance solutions across construction, cyber, engineering, labour hire, liability, life sciences, motor, professional risks, technology, and strata sectors.

Differentiator

Problem solved

Functional benefit

Brands

• SURA Specialty: Expert specialty products operating under the SURA brand including construction, cyber, engineering, labour hire, liability, life sciences, motor dealers, professional risks, and technology risks.
• SURA Construction
• SURA Cyber
• SURA Engineering
• SURA Labour Hire
• SURA Liability
• SURA Life Sciences
• SURA Motor Dealers
• SURA Professional Risks
• SURA Technology Risks
• Longitude
• Rubix Underwriting
• Strata Unit Underwriters (SUU)

Named customers1 record

Segments11 records

Ideal customer profiles1 record

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 core.

• Chubb InsurancecoreStrategic or Co-development PartnerChubb Insurance provides backing for Longitude, one of Austagencies' strata insurance brands. Longitude is uniquely positioned with Chubb's backing to provide brokers with market-leading, specialist strata insurance for Bodies Corporate.
• IAG (Insurance Australia Group)coreStrategic or Co-development PartnerIAG, Australia's largest general insurer, backs Strata Unit Underwriters (SUU). SUU's specialized strata products are backed by IAG, providing customers with the strength of Australia's largest general insurer for protection in times of need.
• 360 Underwriting SolutionscoreStrategic or Co-development Partner360 Underwriting Solutions is a broker-centric underwriting agency dedicated to the provision of specialist insurance solutions for Brokers and their customers. It operates under the General Commercial Underwriting pillar of Austagencies. The brand is currently being integrated into Austagencies following AUB Group's acquisition.
• SURA Brand EntitiescoreStrategic or Co-development PartnerThe SURA brand encompasses multiple specialty underwriting agencies including SURA Construction, SURA Cyber, SURA Engineering, SURA Labour Hire, SURA Liability, SURA Life Sciences, SURA Motor Dealers, SURA Professional Risks, and SURA Technology Risks. Each operates as a purpose-built specialist underwriting agency for specific industries.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• QBE Insurance Australia: Major direct insurer in commercial and specialty lines across Australia, competing with Austagencies for broker-placed risks while offering its own capacity to MGA partners.
• Arthur J. Gallagher & Co (Australia): Global insurance broker and risk management firm with substantial Australian operations. Adjacent incumbent that competes with Austagencies for broker-driven specialty placement.
• Allianz Australia: Global insurer with Australian operations underwriting commercial and specialty lines. A broad incumbent competitor to Austagencies' specialty sub-brands in the broker market.
• Insurance Australia Group (IAG): Australia's largest general insurer and Austagencies' capacity partner via SUU. Larger, broader portfolio incumbent that competes with and supplies Austagencies simultaneously.

Direct peers

• CHU Underwriting Agencies: Leading Australian strata insurance underwriting agency. Directly comparable to Austagencies' Strata pillar (Longitude, Rubix, SUU) given its focus on Body Corporate cover.
• PSC Insurance Group: ASX-listed Australian insurance services group combining underwriting agencies and broker distribution. Comparable to Austagencies as a diversified specialty insurance platform in Australia.
• Insurance House: Australian underwriting agency offering specialty products through brokers. Operates a similar MGA-style model with multi-line specialty capacity partnerships.
• Honan Insurance Group: Specialty Australian insurance underwriting and brokerage group with multiple niche lines distributed via brokers, closely mirroring Austagencies' SURA Specialty approach.
• Resilium: Australian specialty underwriting agency focused on strata and commercial niches, with broker distribution. Overlaps with Austagencies' Strata and SURA Specialty pillars.
• Blue Zebra Underwriting: Australian underwriting agency group offering multiple specialty lines distributed through brokers. Highly comparable to Austagencies' multi-brand, broker-centric MGA model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 AUSTAGENCIES