Chubb, AIG and HDI Global Specialty are the new capacity providers for Blue Zebra’s home building and contents, landlord and SME business package products.

They make up a co-insurance panel of security providers that will replace Youi, whose Blue Zebra partnership ends today.

Under the multi-year arrangement, Chubb and AIG will each take a 45% share of risk for every policy issued, and HDI through its Australian branch will take the remaining 10%.

Chubb is lead insurer on the panel backing products sold through brokers including Steadfast network partners.

Since last Thursday, Blue Zebra has used the new security arrangement to underwrite replacement and new business policies that incept from July 1.

The underwriting agency has also changed broker commission on home building and contents and landlord cover, which moves to a maximum of 15% for policies incepting from August 1. It is presently at 17.5%.

“These changes reflect both market and pricing conditions, and we acknowledge all our broker partners for their ongoing support as this change takes place,” Blue Zebra said.

MD Colin Fagen told insuranceNEWS.com.au the commission change “is a very small move … which helps ensure sustainability of our offerings”.