Does CHU + QBE spell better Strata Insurance or just QUEBCH

If you’ve been anywhere near an Australian strata building, you’ll recognise the name CHU.

They’re the largest strata insurance underwriter in the country and have been for a long time [if not forever].  And, for a lot that time, they’ve distributed underlying insurance coverage that’s provided by QBE.

That relationship has been further cemented by a new 10 year agreement between CHU and QBE that was announced last week here.

As Robert Kelly AM [CEO of the Steadfast Group that owns CHU] said about the deal:

‘We’re pleased to see the continuation of this successful relationship, enabling CHU to continue providing its superior and award-winning insurance services within the strata sector.’

Which I’m guessing that means things will stay basically the same for CHU strata insurance when, perhaps, things actually need to change.

So CHU + QBE doesn’t spell better strata insurance, just QUEBCH.