2024 CGU Webinar | Manufacturing Liability
Ongoing
Australia’s manufacturing industry is a vital part of the economy, providing employment to nearly one million people - about 6% of the country’s total workforce. The sector boasts around 110,000 active manufacturing firms, contributing significantly to the economic landscape with $118 billion added to Australia’s GDP. Moreover, Australian-made goods are a key player in the global market, making up 7.4% of our nation’s exports.
In this presentation, Alex White will delve into the benefits, policy enhancements, and underwriting appetite for CGU’s innovative Manufacturing Liability product. This bespoke solution is designed to streamline protection for manufacturing clients, consolidating what would typically require several insurance policies. Alex will also shed light on the coverage benefits and policy extensions that are structured to evolve with the insured’s business as it navigates the challenges of growth and trading.
CGU’s Manufacturing Liability policy presents brokers with an alternative to current carrier offerings, filling a gap in the marketplace by including coverage for design and advice related to the insured’s own products—a feature often overlooked by existing E&O and Professional Indemnity offerings.
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Speaker
Alex White
Portfolio and Underwriting Specialist, CGU
Alex is the newest addition to the Long-Tail portfolio team at IAG, where he oversees general liability and professional risks. This role follows his successful tenure as Casualty Underwriting Manager for Australia and New Zealand at Chubb. With a career that has spanned various underwriting positions across multiple segments at Liberty Specialty Markets and Steadfast Underwriting, Alex has honed his focus on portfolio management in recent years. His exceptional technical acumen in underwriting is further enhanced by his legal expertise, underscored by his recent admission as a lawyer in the Supreme Court of Queensland.