Neutral Bay Investments Limited
In June 2013 the Group invested in Neutral Bay Investments Ltd, which in turn acquired a 39.47% stake in Sterling Insurance PTY Limited (“Sterling”). Sterling is one of Australia’s leading specialist underwriting agencies. It specialises in niche hard-to-place & complex risks.
Sterling leverages its status as a Lloyd’s Coverholder alongside its strong local connections to provide Australian insurance brokers access to domestic and international insurance markets.
The core team at Sterling operated as Sterling Insurance Brokers in the 1980’s & early 1990’s before being acquired by Heath Lambert. The team evolved their product offering to include other industries/sectors such as Railway, Mining & Engineering risks, and Professional Indemnity. In 2008 Sterling Insurance PTY Ltd was created as a result of a management buyout.