Ansvar Insurance has announced a deal with a leading player in the strata market which will see the insurer launch in a new business sector.
The insurer announced that a partnership with CSI Strata Underwriting will see the business take on the “logical extension of existing capabilities,” and align the business with their UK-based parent company, Ecclesiastical Insurance Group.
Warren Hutcheon, CEO of Ansvar, said the move represents a great opportunity for the Ansvar business to grow.
“The strata sector is one of the fastest growing sectors in Australia,” Hutcheon said.
“Ansvar’s strengths in providing the most robust risk and insurance solutions to properties in other sectors makes the strata community a logical addition to the Ansvar portfolio.”
Hutcheon also praised the CSI business for its work in the strata field saying the business could not ask for better partner.
“CSI Strata Underwriting is an underwriting agency currently servicing over 120 strata insurance brokers. What better partner for Ansvar than CSI, who have a formidable footprint in this country and whose sole focus is strata insurance.
“We’re confident this partnership will help us on our journey to fulfill our vision for this new sector,” Hutcheon continued.
General manager of CSI Strata Underwriting, John Lillie, said that the partnership will see brokers able to access “broader cover with higher limits.”
“Ansvar’s reputation for protecting community-based organisations is second to none,” Lillie said.
“We are pleased to have this additional facility so that we can offer Australian strata communities in larger strata schemes the knowledge and security that their insurance is placed with a reputable and community-oriented insurer like Ansvar.
“With Ansvar’s vast experience and strengths, this new partnership means we can offer our support to strata brokers nationwide by providing broader cover with higher limits, to meet legal obligations and the practical needs of protecting property,” John said.
The partnership was formalised last week and the Ansvar underwritten product will be available through CSI from April 8.
