Argyle Insurance and Mitsui Sumitomo Insurance have entered into a multi-year capacity agreement, marking the start of a strategic partnership aimed at enhancing business insurance options for Australian SMEs.

Beginning January 1, 2025, this partnership will enable Argyle to offer a business insurance package with an extended combined limit of up to $7 million, to meet the specific needs of small and medium-sized enterprises in Australia’s competitive general insurance market.

Anthony Day, Managing Director and Co-Founder of Argyle, said, “Mitsui Sumitomo Insurance is a well-respected provider with an excellent reputation. The partnership will enable us to continue to offer an outstanding proposition to our distribution partners and their customers.”

Since its establishment in September 2022, Argyle has advanced its delivery of modern business insurance, working with select brokers nationwide. This new partnership will strengthen Argyle’s distribution network with innovative solutions that address the evolving needs of Australian SMEs.

Tomoyuki Komagome, General Manager of MSI Oceania branch, commented, “By integrating our technologies in this partnership, we are creating a seamless platform for broker distribution and operations, allowing for faster analysis and improved communication. Together, we are set to drive significant advancements and establish new industry standards, unlocking significant growth opportunities.”

Matthew Morgan, CEO and Co-Founder of Argyle, stated, “This collaboration underscores our commitment to supporting SMEs in Australia through our intermediated distribution partners.”

He added, “We are very excited to explore all opportunities in the Australian market, as we embark on the next phase of our growth journey alongside MSI.”