Mitsui, Argyle boost SME insurance in Australia

Argyle will provide a business insurance package with a combined limit of up to $7m.

Argyle Insurance and Mitsui Sumitomo Insurance Co., part of the MS&AD Insurance Group, have announced a multi-year capacity agreement, launching a partnership to enhance business insurance offerings for Australian small and medium-sized enterprises (SMEs).

The partnership will allow Argyle to provide a business insurance package with a combined limit of up to $7m, effective 1 January 2025, aimed at addressing the specific needs of SMEs in the Australian general insurance market.

The collaboration with the Japanese company aims to expand these offerings with integrated technologies for streamlined broker distribution and operations, improving analysis and communication.