Lloyd’s wrote $2.3 billion of premium in Australia last year, making it the fifth-largest player in the local market, according to General Representative Chris Mackinnon.

In a LinkedIn post celebrating Lloyd’s success since setting up here two decades ago, he says Australia is now its fourth-largest territory.

Lloyd’s wrote about $500 million of premium in 1998, its first year here.

“It has been a pleasure to work with our loyal network of coverholders and brokers, and it has been immensely gratifying to slowly see the growth and success of the Lloyd’s Australia business,” Mr Mackinnon said.

“As we look to the future, we see it is very clear that the technological revolution will continue to bring new risks and challenges, but Lloyd’s ability to innovate, as well as our financial strength, will see us continue to grow.”