New Zealand

Delta Insurance named Financial Times Asia-Pacific Growth Champion - again!

Niche-market phenomenon Delta Insurance has again won a place in the FT High-Growth Companies Asia Pacific 2024 Special Report after being named among the region’s fastest growing organisations for the second year running. The accolade comes in an auspicious year for Delta Insurance, with the New Zealand-based headquarters recently celebrating its 10th anniversary, while the Australian operations have notched up two years of success. The Singapore division addressing Southeast Asian markets opened its doors in 2017.

The FT High-Growth Companies Asia Pacific 2024 Special Report is produced by the Financial Times together with analytics and market insights company Statista.

Statista noted in an email ‘After an extensive research period, [Delta Insurance] clearly stood out and earned a spot among the other Asia-Pacific Growth Champions. The ranking is the result of a joint project which conducted months of research, public calls for participation, intensive database research and directly contacting tens of thousands of companies. In the end, we were able to identify outstanding companies among millions of Asia-Pacific enterprises.’

Delta Insurance co-founder and Chief Underwriting Officer Craig Kirk confirms the company’s growth has accelerated in the past two years. “By focusing on attracting and retaining senior talent across all the markets where we are active – including trading in multiple Southeast Asian countries from our Singaporean offices – and specialybuilding a unique portfolio of underwriting products, Delta Insurance is constantly looking for opportunities to create innovative risk solutions and support our customers and partners to become more resilient in an everchanging risk environment..”

As a Coverholder for Lloyds, the company has the backing of one of the world’s most-recognised brands. Offering innovative, specialty insurance solutions including cyber, technology and professional liability, directors' and officers’ indemnity, commercial legal and family legal expenses, and a range of other niche products, Kirk says Delta’s approach is to explore new avenues for insurance, rather than always competing in often saturated, traditional market segments.

“We believe there is room for innovation and harnessing the technical know-how of our incredible underwriting team. And we combine that with a focus on service and a can-do attitude delivering optimal efficiency for our broker networks, so customers get the insurance they need without fuss,” he explains.

From humble beginnings as a start-up in 2014, the ‘Decade of Delta’ has seen the company recently surpass NZ$100 million. The company now employs more than 80 people across the APAC region, covering more than 30,000 policies in New Zealand, Singapore, and Australia.

In 2022, Delta Insurance became the first Managing General Agent (MGA) in New Zealand and Asia Pacific assessed by AM Best Rating Services. In the 2023-issued current performance assessment, AM Best assigned a Performance Assessment of PA-2 (Excellent) to Delta Insurance New Zealand Limited (New Zealand) and Delta Underwriting Private Limited (Singapore). The companies were assessed on a consolidated basis under parent Delta International Limited.

Delta has won ANZIIF’s Insurance Underwriting Agency of the Year award in New Zealand for five years running and was named MGA of the Year in Singapore in 2022 and 2023.

Kirk says the past decade has confirmed an approach of creating clear and compelling value for customers. “Our focus is on identifying and quantifying new risks, helping mitigate and share those risks, while making it easier for our customers to do business. It’s been an exciting ten years, but growth remains firmly on the agenda as we’ll keep finding better ways of delivering exceptional insurance solutions across all the territories where Delta Insurance operates.”