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This profile was last updated on 6/16/2017 and contains contributions from the  Zoominfo Community.

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Wrong Andrew Calvert?

Andrew Calvert

Head of Surety

Assetinsure Pty Ltd

HQ Phone:  +61 2 9251 8055

Direct Phone: +61 * **** ****direct phone

Email: a***@***.au

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Assetinsure Pty Ltd

44 Pitt Street

Sydney, New South Wales,2000

Australia

Company Description

Assetinsure is a Specialist Insurer of the CBL Group for the Australian market. This profile includes the following aspects in particular: Assetinsure only offers a select number of product lines i.e. focusing on companies, financial institutions, and profes...more

Background Information

Employment History

Head of Surety, Asia, Australia and New Zealand

QBE Insurance Limited


Web References(17 Total References)


Safe as Houses - Stening Simpson

www.steningsimpson.com.au [cached]

The GFC left many casualties in its wake, but it also opened opportunities for some savvy operators, such as banker turned surety underwriter, Andrew Calvert, who now heads the surety bonds business for Assetinsure - a market which, he says, continues to grow substantially.
Surety bonds operate much like a bank guarantee, protecting the person or organisation that engages a contractor by paying them an agreed amount if that contractor defaults on the contract's terms and conditions. Usually the contractor pays the surety bond premium, and if there's a default, the bond is to be paid on demand to the principal of the contract. Whenever a contract states that there must be a form of security for tangible contractual obligations, surety bonds can be used. Examples include bonds for performance, maintenance, retention release, advance payment, bids or off-site material. Calvert says that he saw there was a big opportunity in the marketplace for a new entrant when international banks started to limit their risk exposure - which flowed on to the big four domestic banks. "Before the GFC, banks had the capacity to market guarantees more aggressively, but they then made it much harder to get funds and pricing became more realistic", he says. "I think generally guarantees have doubled in cost in the past three to four years. Banks are now pricing credit correctly." "SURETY BONDS OFFER ONE OTHER BIG ATTRACTION: THEY ARE UNSECURED, SO THEY DON'T TIE UP WORKING CAPITAL FOR A CONTRACTOR" Apart from being more readily available and fairly comparable on price, Calvert adds that surety bonds offer one other big attraction: they are unsecured, so they don't tie up working capital for a contractor. "What is driving demand is that construction and mining investment is still plentiful in Australia, and most of it requires bonding," he explains.


Asset Surety - Team

www.assetsurety.com.au [cached]

Andrew Calvert, Head Of Surety
Andrew is a leading authority on surety bonds. With a background in corporate banking, he established a successful surety business in New Zealand before spending 8 years as Head of Surety - Asia, Australia and New Zealand for a major listed insurer. Andrew has a deep level of knowledge and experience in the construction industry, spanning financial analysis, law, underwriting and contract documentation.


Assetinsure - People

www.assetinsure.com.au [cached]

Andrew Calvert, Head of Surety


Assetinsure - Team

www.assetinsure.com.au [cached]

Andrew Calvert, Head of Surety
Andrew Calvert Andrew has over 20 years of experience in commercial banking, sales and marketing, insurance and administration. He joined ANZ Banking Group Limited in 1985 where he held various positions in the company before moving on to work for Thomas Cook as a FX (currency) dealer. In 1995, Andrew joined AP Surety in Auckland where he established their New Zealand operations as Head of Surety up until 2000. In 2000, Andrew joined QBE Insurance (Australia) Limited - Sydney as Relationship Manager reporting to the Group General Manager Credit and Surety. In 2006 Andrew was appointed Head of Surety, Asia, Australia and New Zealand, QBE Insurance (Australia) Limited. In November 2008, Andrew joined Assetinsure as Head of Surety.


Assetinsure - Media Releases

www.assetinsure.com.au [cached]

Assetinsure's Surety division is headed by Andrew Calvert who has more than 15 years' experience in the industry.
Mr Calvert, who will lead Assetinsure's team of experienced underwriters, is a wellknown operator in the surety industry. Mr Calvert said: "We believe we have timed our entry into this specialist sector given the banks' rationing of credit lines. For further information, please see www.assetinsure.com.au or contact Andrew Calvert on 02 8274 2855 or andrew.calvert@assetinsure.com.au.


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