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Blue Zebra finds new underwriters for home, SME

Underwriting agency Blue Zebra has secured a new capacity arrangement for its home building and contents, landlord and SME package products.

Chubb is lead insurer of the “high-quality co-insurance panel”, supported by AIG and HDI Global Specialty through its Australian branch, the agency says.

The arrangement comes as Blue Zebra’s contract with Youi nears its end this month. The agency has already secured QBE as underwriter of its commercial and private motor products from July 1.

Blue Zebra also says broker commission on home building and contents and landlord cover will be changed to a maximum of 15% from August 1. insuranceNEWS.com.au understands that it was previously 17.5%.

“From [today], Blue Zebra will offer replacement and new business policies incepting from July 1 2025 for home building contents, landlords and SME business package policies,” agency MD Colin Fagen said in an update to brokers, including partners in the Steadfast network.

“Blue Zebra is committed to building a stable, sustainable portfolio and strengthening broker partnerships through these new underwriting partnerships.”

Mr Fagen says, operationally, brokers will see little difference when dealing with Blue Zebra and the agency is confident its new co-insurance panel will “deliver long-term value to broker networks and policyholders”.

Blue Zebra is one of three home insurers on the Steadfast Client Trading Platform. The other two are Hollard, which recently lowered commission to 10%, and QBE, which has a 15% commission rate.