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Insurance News

QBE Divests Trade Credit Business to Swiss Re
QBE Divests Trade Credit Business to Swiss Re
15 May 2026: Paige Estritori
In a strategic move to streamline its operations, QBE Insurance Group has agreed to sell its global trade credit and surety business to Swiss Re Corporate Solutions. This unit, with a significant presence in Australia, New Zealand, and the UK, is projected to generate annual revenue of approximately $283 million. - read more
EML Group Acquires Majority Stake in Guild Insurance
EML Group Acquires Majority Stake in Guild Insurance
15 May 2026: Paige Estritori
EML Group has acquired a 70% stake in Guild Insurance, marking a significant strategic partnership aimed at unlocking growth opportunities and accelerating the development of technology and artificial intelligence within the insurance sector. - read more
Sompo International Strengthens Australian Presence with Strategic Hires
Sompo International Strengthens Australian Presence with Strategic Hires
15 May 2026: Paige Estritori
Sompo International has announced a significant expansion of its Australian operations by recruiting a team of specialists from Everest Group's local arm. This move marks a strategic shift for Sompo, which has maintained a presence in Australia for over 60 years, primarily focusing on Japanese accounts. - read more
CHU Introduces Cyber Coverage in Residential Strata Insurance
CHU Introduces Cyber Coverage in Residential Strata Insurance
14 May 2026: Paige Estritori
In response to the escalating cyber threats targeting strata communities, CHU Underwriting Agencies has expanded its residential strata insurance policies to include cyber protection. This enhancement provides coverage of up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU Expands Strata Insurance Capacity to Support Larger Developments
CHU Expands Strata Insurance Capacity to Support Larger Developments
14 May 2026: Paige Estritori
CHU Underwriting Agencies has announced a significant increase in its single risk capacity, raising the limit to $690 million from the previous $300 million. This substantial enhancement enables CHU to better support larger residential and commercial strata developments across Australia. - read more
Commercial Property Insurance Articles

How Deductibles Impact Your Commercial Property Insurance Premiums
How Deductibles Impact Your Commercial Property Insurance Premiums
When it comes to commercial property insurance, a deductible is the amount of money a policyholder agrees to pay out-of-pocket before the insurance coverage kicks in. This can be a fixed dollar amount or a percentage of the total insured value. Understanding how deductibles work is crucial for any landlord or business owner seeking to protect their assets effectively. - read more
Beyond the Basics: Essential Add-Ons for Comprehensive Commercial Property Insurance
Beyond the Basics: Essential Add-Ons for Comprehensive Commercial Property Insurance
Commercial property insurance is a vital safeguard for businesses and landlords, protecting physical assets from a variety of risks. This type of insurance covers a range of properties, from office buildings to retail spaces, ensuring that in the event of damage or loss, you have financial support to recover your investment. - read more
What does Commercial Property Insurance cover?
What does Commercial Property Insurance cover?
Commercial property insurance is vital for anyone who owns or operates a business that involves a physical location. This type of insurance protects your business premises, equipment, and any inventory within the space. Whether you're a landlord, a small business owner, or a property investor, having a solid understanding of commercial property insurance is essential. It not only safeguards your physical assets but also provides peace of mind for your financial investment. - read more
Understanding Commercial Property Insurance for Multiple Locations: What Landlords Need to Know
Understanding Commercial Property Insurance for Multiple Locations: What Landlords Need to Know
When it comes to owning commercial properties in Australia, understanding the ins and outs of insurance is crucial. Commercial property insurance serves as a safety net, protecting your valuable assets against unforeseen events. It's designed to cover the buildings themselves, as well as any equipment, inventory, and even loss of income due to disruptions. - read more
Is Commercial Property Insurance Mandatory? What Every Landlord Should Know
Is Commercial Property Insurance Mandatory? What Every Landlord Should Know
Commercial property insurance is a type of coverage designed to protect property landlords and investors from various risks. It typically encompasses buildings, equipment, and other assets associated with commercial spaces. Understanding this insurance is crucial for anyone involved in property leasing or investment, as it can safeguard against significant financial loss. - read more

Knowledgebase
Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.