Our Ark is an Open Discretionary Mutual created to provide risk protection to organisations that build & connect communities together.
Its providing an alternative to ISR insurance for commercial property, contents, money, equipment breakdown and business interruption.
Eligible Members have access to Cyclone Insurance, reinsured by the ARPC. This policy is issued by Picnic Underwriting as agent for Pacific International Insurance Pty Limited, ACN 169 311 193 (AFSL: 523921) and reinsured by the Australian Reinsurance Pool Corporation (ARPC).
Our Ark Management Pty Ltd ACN 619 600 118 is the manager of Our Ark Mutual Limited (ACN: 627 006 213, AR No. 1302937), both entities are Authorised representatives of Picnic Licensing Pty Ltd (ACN 647642 117, AFSL 532540)’. In addition, please add in after ‘Picnic Underwriting’ as marked below, please add in: ‘Pty Ltd (ACN 645 249 109, AR No. 1304757) Authorised Representative of Picnic Licensing Pty Ltd (ACN 647 642 117, AFSL: 532540).
Learn more about the Open Aproach to Discretionary Mutuals.
Launched in 2020, it's protecting community-centric organisations across Australia.
Visit Our Ark Mutual.
Turo is the world's largest car sharing marketplace.
Launched in Australia in November 2022, the Turo Travels Mutual Pty Ltd ACN 661 465 890, (AR No. 1300019 of Picnic Licensing Pty Ltd) provides protection for both guests & hosts for every trip.
This discretionary mutual is an example of the Picnic BYOCustomer approach.
Learn more about the Enclosed Approach to Discretionary Mutuals.
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Our Guard is designed for the Customer Owned Banking community in Australia, to provide a range of financial lines solutions and options for Directors & Officers, Professional Indemnity and Fraud.
Our Guard Mutual Limited ACN 652 207 808 AR No 1300249) ('Mutual') is managed by Picnic Services Pty Ltd ACN 638 145 418 ('Manager') an Authorised Representative (AR No: 1300248) of Picnic Licensing Pty Ltd ACN 647 642 117 (AFSL No: 532540).
Designed with industry to find a viable solution for the industry. Our Guard has been created under the Open Approach to Discretionary Mutuals.
Picnic Broking was created to provide assistance with specialist broking services only to local insurance brokers and Customer Owned Authorised Deposit-taking Institutions (ADIs) in Australia.
Picnic Broking Pty Ltd ACN 676 640 341 is an Authorised Representative (AR No: 1308931) of Picnic Licensing Pty Ltd ACN 647 642 117 (AFSL No: 532540).
Learn more about the Enclosed Approach to Discretionary Mutuals.
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A large global organisation offers a wide range of risk protection products across New Zealand, Australia and the UK.
Picnic manages an Enclosed Mutual for this organisation in these countries. This flexible, sophisticated system enables the organisation to actively compete and grow its global footprint.
Learn about the differences in Picnic Approach to designing insurance alternatives, risk transfer solutions and discretionary mutual funds.
A broker with an established relationship with a retail group was seeking an alternative to insurance to protect buildings, contents and business interruption.
In 2023, working with the broker and their client, Picnic designed a Closed Mutual to provide a flexibile solution that enables effective risk management across all assets with purpose-designed risk protection products.
As well as having the Mutual's risk protection products, eligible Members are provided a Cyclone Insurance policy is issued by Picnic Underwriting Pty Ltd (ACN 645 249 109, AR No. 1304757) Authorised Representative of Picnic Licensing Pty Ltd (ACN 647 642 117, AFSL: 532540) as agent for Pacific International Insurance Pty Limited, ACN 169 311 193 (AFSL: 523921) and reinsured by the Australian Reinsurance Pool Corporation (ARPC).
Learn more about the Closed Approach.
An Australian faith based organisation had a long established group buying arrangement coordinated by the National Office.
The Buying Group established a Mutual in 2023 to provide an alternative to insurance to its state based counterparts.
Picnic worked with the National Office to expedite the design of this Closed Mutual. The National Office is managing the Mutual.
Learn more about the Closed Approach to Discretionary Mutuals.
Picnic is currently working on a range of Closed and Open Discretionary Mutuals that will provide risk protection as an alternative to insurance for communities, industries and organisations.
Learn more about the differences in Picnic Approach to designing insurance alternatives, risk transfer solutions and discretionary mutual funds.
Learn more about how Picnic works with organisations to design Discretionary Mutuals to meet the needs of each organisation, industry or community.
