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Why Is ING Leaving Helia for Lenders Mortgage Insurance After 2026?

8:41am on Wednesday 2nd of July, 2025 AEST Financial Services
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Why Is ING Leaving Helia for Lenders Mortgage Insurance After 2026?

8:41am on Wednesday 2nd of July, 2025 AEST
Key Points
  • ING to negotiate with alternate LMI provider after June 2026
  • Contract accounts for 17% of Helia’s 2024 Gross Written Premium
  • Revenue from existing policies to be recognised over 15 years
  • Loss of new ING business may boost Helia’s organic capital generation
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