MECON Insurance Pty Ltd & Disclaimer
About MECON Insurance Pty Ltd (MECON)
MECON Insurance Pty Ltd (MECON Insurance) (ABN: 29 059 310 904) is licenced under Australian Financial Services Licence number 253106. MECON Insurance distributes insurance policies for construction risks in Australia and New Zealand under a binder arrangement for and on behalf of AIG Insurance Limited (ABN: 93 004 727 753; AFSL: 38168).
MECON Insurance merged to form a combined mobile plant, equipment and construction insurance group with Underwriting Agencies of Australia Pty Ltd t/as UAA Group (ABN: 86 003 565 302) (UAA Group) effective 1 July 2022. UAA Group is a conglomerate which operates as a ‘house of brands’ to its portfolio of leading underwriting agencies including Underwriting Agencies of Australia Pty Ltd, MECON Insurance Pty Ltd, Underwriting Agencies of New Zealand Limited, MECON Insurance Limited (New Zealand) and Underwriting Agencies of Singapore Pte. Ltd.
Steadfast Group Ltd
Steadfast Group Ltd (ABN 98 073 659 677) (SGL) has a majority shareholding in Underwriting Agencies of Australia Pty Ltd. SGL may receive a professional services fee (PSF) from insurers, premium funders and underwriting agencies such as MECON Insurance Pty Ltd (Partner) for access to regulatory and compliance support; marketing and communications; data insights; and access to technology platforms. The PSF is an agreed amount between SGL and the relevant Partner, usually annually. The PSF is not determined by the volume of the business that the Steadfast Network brokers place, nor is the amount of the PSF known to the Steadfast Network Brokers, so it is not able to influence recommendations to their clients.
MECON Insurance Pty Ltd may have access to shared services from SGL, including: compliance tools; procedures; manuals and training; legal; HR; banking; and group purchasing arrangements. These services are funded by SGL, subsidised by SGL or SGL receives a fee for them. SGL’s Financial Services Guide is available at steadfast.com.au or upon request by telephoning SGL’s Company Secretary on +61 2 9495 6500.
Disclaimer
This website is intended for insurance intermediaries only. The insurance products referred to on this website can only be purchased through an insurance broker. The insurance policies are distributed by MECON Insurance Pty Ltd (ABN: 29 059 310 904; AFSL: 253106) under its own AFSL, as agent for the insurer, AIG Insurance Limited (ABN: 93 004 727 753; AFSL: 38168). Any advice provided is general only and has been prepared without taking into account your objectives, financial situation or needs and may not be right for you. Please read the Product Disclosure Statement, Financial Services Guide and Target Market Determination, which can be obtained from mecon.com.au or by telephoning 02 9252 1040.
