As part of the broader UAA Group, MECON is delighted to announce a significant increase in its underwriting capacity in Australia, underpinned by a very strong insurer panel. This innovation represents a major milestone in MECON’s continuing support the broker market and their clients to deliver market‑leading construction insurance solutions.
MECON’s General Manager, Kishan Dasan, noted “Our new capacity arrangements take effect 10th March 2026, offering greater flexibility and strong balance‑sheet security, together with MECON’s high-quality cover where it really counts and its specialised claims handling team when it really counts.”
What’s new?
- Capacity increased to $120million Total Sum Insured (TSI) for single projects under Section 1 (Material Damage) – including Section 2 (Public Liability). Ability to write higher limits with referrals.
- Existing MECON wording crafted to align with our new insurer panel.
- Lloyd’s Coverholder status to enhance market strength and flexibility.
What does this mean for brokers?
- More options, more solutions and more certainty.
- Faster response times due to increased in-house authority.
- Improved ability to support brokers and their clients.
MECON’s increased capacity is designed to make brokers decisions easier and help them win and retain business.
Glenn Ross, UAA Group’s Executive General Manager – Construction, said, “Our underwriters welcome the opportunity to review new business submissions and discuss upcoming projects which require increased capacity.”
For submissions and underwriting enquiries, please contact us.
Ross concluded, “As always, we appreciate your continued support and look forward to working with you on your upcoming construction requirements.”