Intermediaries placed more business by premium in the June half, invoicing about $16.58 billion compared with $14.2 billion in the corresponding period last year, Australian Prudential Regulation Authority (APRA) figures released last week show.

About $13.7 billion of the business went to APRA-authorised general insurers, up from $11.69 billion a year earlier.

Business with Lloyd’s underwriters rose to $1.82 billion from $1.64 billion a year earlier and unauthorised foreign insurers (UFIs) to $1.06 billion, up from $793 million.

The half-yearly APRA update is based on input from 1662 intermediaries.

Fire and industrial special risk (ISR) dominated the business placed with UFIs in the June half, with a 65% share of premium receipts, or $694 million.

Risks grouped in “other direct classes” trailed a distant second, at 19% or $200 million, followed by professional indemnity, at 8% or $80 million. Public and product liability made up about 5% of business with UFIs, or $51 million.

UFIs in Singapore remain dominant, taking in about $596 million or 56% of premiums invoiced. The UK came second, at $176 million or 17%, followed by UFIs in “other countries” with $142 million or 13%.

The average premium for a new or renewed policy with UFIs was $164,000.