Who’s John Trowbridge & What did he do on Strata Insurance

If you’re following the 2024 Strata Insurance Crisis you’ve heard [or will hear] the name John Trowbridge.

Why is that and what has he done on strata insurance?

Well, John is an actuary, consultant, executive, company director and regulator, who has worked in financial services with an emphasis on insurance related businesses for many years. He’s chaired government committees on insurance matters, led studies and authored papers on insurance challenges, and undertaken strategic reviews for industry groups.

In 2021 John was engaged by Steadfast Group Limited to undertake an independent [???] review of two issues in the strata insurance market including stakeholder consultation, reports, and recommendations for ways forward .

Issue 1:  Since strata managers commonly receive rebates of broker commissions and simultaneously brokers charge fees to owners’ corporations: both of these practices are confusing and controversial.

Issue 2:  The affordability and availability of strata insurance is problematic for some segments of the strata insurance industry.

So, the project appears very relevant and timely now.

GoStrata Media will be publishing a series of Daily Posts on John Trowbridge’s review, key information, insights from it, what’s been said about it, and, more. So, watch out for them.

In the meantime, you can find out more about John Trowbridge here.

And, you can find out about the Steadfast Group Limited here.