Chubb Insurance Australia Limited (Chubb) is pleased to announce a new partnership with Solution Underwriting.
Under a binder agreement Chubb will provide capacity for Solution Underwriting’s portfolio of Professional Indemnity, General Liability and Management Liability Insurance. This agreement will apply to new business and renewal transactions from 1 April 2017.
The new partnership replaces the previous agreement that Solution Underwriting held with Great Lakes Australia.
Solution Underwriting is focused on strong long term relationships with Australia’s broker market. Through innovative and efficient technology, Solution is committed to providing outstanding service, competitive pricing, tailored coverage and significant capacity backed by excellent authorised local security.
Rhys Mills, Solution Underwriting Managing Director, said: “the financial strength of Chubb’s balance sheet is undeniable. The stable capital platform that Chubb provides will enable Solution Underwriting to continue providing quality insurance products and exemplary service to the Australian broker market.”
Chubb is the world’s largest publicly traded property and casualty insurer. Via acquisitions by its predecessor companies, Chubb has been present in Australia for over 50 years. With five branches and over 500 staff in Australia, Chubb has a wealth of local expertise backed by global reach and breadth of resources.
John French, Chubb Country President for Australia & New Zealand, said: “We are delighted to bring Chubb’s financial security and capabilities to this partnership with Solution Underwriting. Chubb’s capacity combined with Solution’s outstanding customer service presents a terrific opportunity for Australian brokers to help Australian businesses manage their liability exposures.”
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
More information can be found at www.chubb.com/au
Robin Moore: +61 2 9335 3343; firstname.lastname@example.org
Chubb Insurance Australia Limited
Level 38, 225 George Street
Sydney NSW 2000