6 May 2019 Chubb has replaced Vero as the insurance security partner of AUB-owned strata specialist Longitude Insurance. The strata insurer says the arrangement, which began last week, gives it additional capability for business and product development. “It’s critical for Longitude to maintain a strong product offering, to maximise opportunities for our supporting brokers and fast-track our growth in the sector,” GM Gordon Bell said. “Chubb is a recognised brand in the Australian strata market with an appetite for success. Its proven track record will enable Longitude to reach its business objectives.” Longitude director Angie Zissis, who is MD of AUB’s underwriting agency arm Sura, says the partners can “deliver an efficient and gainful broker experience”. Chubb Country President Australia and New Zealand Jarrod Hill is similarly upbeat. “We are delighted to deploy Chubb’s property underwriting expertise, portfolio management capabilities and financial strength in this security arrangement with Longitude,” he said. “In addition to offering capacity, we will bring Chubb’s craftsmanship to this new agreement.”
Strata specialist Longitude Insurance has chosen Chubb as its insurance security partner, replacing Vero, which previously backed the firm’s operations. The arrangement will provide additional capacity for its business and product development, according to Longitude, adding that Chubb was a recognised brand in Australia’s strata market.