[SYDNEY, NSW]
After releasing its unique cyber-enhanced residential strata product just six months ago, Hutch is becoming known for launching innovative digital products into capacity-constrained segments.
“We’re very pleased to be able to offer brokers another option in the very tight construction market, and we hope our unique coverage, focus on service, and the efficiency of Sunrise integration will prove real differentiators”, said Robin Johnson, CEO of Hutch.
The new Annual Construction product is targeted at residential and commercial builders with a turnover of up to $50m. It includes several enhancements, as Dominique Vagi, Hutch’s Chief Underwriting Officer, explains:
“We offer flexible options that allow brokers to tailor coverage to meet their clients’ needs and budgets, including existing structures cover, display homes and their contents, plant and equipment, care custody and control and pollution liability, and flexible sublimits and excesses.
“We also take pride in being the first in the market to include built-in Cyber protection in response to the increasing threat of cybercrime, which poses a significant risk to our client base.”
Hutch has invested in construction expertise by bringing on industry veteran Marco Sulser with twenty years of experience in Construction and Engineering, including at Zurich, QBE and Pen, and Rheece Tunnell, another 15-year-plus experienced construction underwriter formerly at ATC.
Dominique commented, “We’ve hired a strong team to ensure we can provide brokers with market-leading service to match our product. Brokers should expect to complete auto-quotes in six minutes and to see very rapid turnaround times on referrals – that has been the secret to our success in Strata, where we’ve achieved 94% satisfaction scores.”
Hutch’s innovative policy will be available to brokers digitally via the convenience of Sunrise Exchange under product code HUTCON.
Hutch Underwriting offers innovative insurance products backed by the strength of Lloyd’s of London. We’re proudly Australian and an employee-owned business. We deal exclusively via brokers and offer products digitally via Sunrise Exchange.
Robin Johnson, the founder and CEO of Hutch Underwriting, is an experienced insurance executive whose career spans London, Asia and Australia. He founded Hutch as a platform to innovate in the Australian commercial and specialty lines market.
Dominique Vagi is a seasoned underwriter with a technical background as a chemical engineer and over fifteen years of experience writing construction and property insurance in London and Australia, including setting up the Australian construction practice for one of the most respected syndicates at Lloyd’s. She gave up the security of corporate life to set off on an adventure with CoverRadar and Hutch Underwriting as COO of CoverRadar and CUO of Hutch.
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14/06/23 |
InsuranceNews |
Hutch Underwriting claims “market first” with product launch |