Zurich Monetary Companies Australia (Zurich) has signed an underwriting settlement with Elkington Bishop Molineaux Insurance coverage Brokers (EBM).
Beginning December 2023, the tie-up will see Zurich present safety for EBM’s model RentCover Landlords Insurance coverage (RentCover) in Australia.
Established in 1991, RentCover is claimed to have launched one in every of Australia’s earliest landlord insurance coverage merchandise.
The corporate presently caters to 165,000 Australian purchasers by collaborating with property managers and landlords.
Zurich will underwrite the whole thing of RentCover’s product line, together with long-term and short-term rental landlord insurance coverage merchandise.
Current clients’ insurance policies can be underwritten by Zurich at renewal and new clients’ insurance policies can be underwritten from 1 December 2023.
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RentCover will proceed to deal with the claims and distribution of its choices.
This settlement builds on Zurich’s present alliance with EBM. Since final yr, Zurich has offered capability for EBM’s CoverLink portfolio.
Zurich Australia and New Zealand head of common insurance coverage Alex Morgan stated: “We’re excited to work alongside RentCover to ship main insurance coverage merchandise for the true property business.
“RentCover is a extremely skilled workforce and has a deep affinity with the residential property market. We share a dedication to offering clients with market-leading safety and greatest in school service.”
RentCover managing director Sharon Fox-Slater stated: “We recognise Zurich as a enterprise that goes above and past to guard the individuals who put their belief in them. We do the identical. We sit up for working with Zurich to form a future during which our companies, our purchasers and our folks thrive.”
Final month, Zurich, via Zurich Resilience Options, teamed up with KPMG Switzerland to supply advisory companies targeted on local weather change.