In 2001, Gavin Donner was working as an Actuarial Consultant and Michael Gottlieb as a Management Consultant. Following the collapse of HIH in March 2001, the Professional Indemnity insurance market was thrown into a state of chaos with premiums increasing by up to 1000%. There was no brokerage with a specialist focus on Professional indemnity insurance and in particular clients weren’t provided the same level of consulting advice as was provided in other professional services industries.
Gavin and Michael decided to establish Mega Capital in late 2001 with the aim of becoming the leading insurance broker in Professional Risks insurance, including Professional Indemnity, Directors & Officers Liability and Warranty & Indemnity Insurance.
Our vision is to be regarded as the best specialist Professional Risks Insurance Broker in Australia and we aim to achieve this by adopting the following business practices:
- Always provide our clients with exceptional customer service which results in our clients experiencing what we like to call the ‘Wow-Factor’;
- Always maintain strong working relationships with the Insurers to ensure we understand their underwriting process intimately; and
- Always employ top quality, tertiary qualified brokers that have a thorough understanding of the Professional Risks insurance market.
Mega Capital capitalised on the knowledge and expertise of its founders by specialising in the Accounting, Financial Services and Credit Services’ industries. Today, our clients include:
- Over 3000 Accountants, Tax Agents and Bookkeepers
- Over 200 AFSLs including financial planners, fund managers, corporate advisors, stockbrokers, superannuation funds and others
- Over 1000 Australian Credit Licensees and Credit Representatives
We have achieved an exceptional growth rate since inception with premium income in the 2013 Financial Year of $40 million. Mega Capital made the BRW Fast 100 for two consecutive years (2005 and 2006) including being named the 2nd fastest growing company in 2005.
2013 was the culmination of all our hard work when we were ranked number 1 in the Insurance Business Top 10 Insurance Brokerages for 2013