Hotel Insurance Online :: News
SHARE

Share this news item!

CHU Enhances Strata Insurance Capacity to Support Larger Developments

Meeting the Needs of Expanding Residential and Commercial Strata Projects

CHU Enhances Strata Insurance Capacity to Support Larger Developments?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

CHU, Australia's leading strata insurance underwriting agency, has announced a significant increase in its single risk capacity, now offering coverage up to $690 million.
This substantial enhancement more than doubles the previous limit of $300 million, positioning CHU to better support larger residential and commercial strata developments.

The decision to expand capacity reflects the evolving landscape of strata developments, which are becoming increasingly larger in both size and unit volume. CHU's Chief Executive Officer, Kimberley Jonsson, highlighted the importance of this development, stating that it provides more choices for customers and enables CHU to independently offer quotes for larger risks. Additionally, CHU can now participate more substantially in co-insurance arrangements when necessary.

This increased capacity encompasses all property-related sections under a single policy, including insured property, catastrophe cover, and lot owners' fixtures and improvements. By offering higher coverage limits, CHU aims to meet the growing demand for insurance solutions tailored to the complexities of modern, large-scale strata buildings.

In recent years, the strata insurance market has seen new participants, but many have focused on smaller risks. CHU's expansion into the large sum insured space addresses a critical need in the market, providing more options for high-value strata properties seeking comprehensive insurance coverage.

For property owners and strata managers, this development signifies enhanced flexibility and choice in securing insurance for larger developments. CHU's commitment to adapting to market demands ensures that strata communities have access to robust and reliable insurance solutions that align with the scale and complexity of their properties.

Published:Monday, 1st Jun 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder
Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder
15 Jun 2026: Paige Estritori
Sterling Insurance has recently secured a new professional indemnity (PI) binding authority with Lloyd's, a development that promises to provide Australian brokers with greater control over product offerings and pricing structures. This strategic move is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors. - read more
Navigating the Complexities of Australia's Professional Indemnity Insurance Market
Navigating the Complexities of Australia's Professional Indemnity Insurance Market
15 Jun 2026: Paige Estritori
The professional indemnity (PI) insurance market in Australia has experienced significant fluctuations over the past few years, presenting challenges for professionals across various disciplines. Understanding these market dynamics is crucial for securing appropriate coverage and managing risk effectively. - read more
Cohabit's New Digital Platform Revolutionises Strata Insurance Management
Cohabit's New Digital Platform Revolutionises Strata Insurance Management
15 Jun 2026: Paige Estritori
In a significant advancement for the strata insurance sector, insurtech company Cohabit has unveiled a digital platform designed to streamline the insurance process for strata schemes. This innovative solution allows property owners and managers to review and compare insurance options tailored to their specific buildings, leveraging comprehensive building data to facilitate informed decision-making. - read more
Suncorp's Strategic Move to Grow Strata Insurance Portfolio
Suncorp's Strategic Move to Grow Strata Insurance Portfolio
15 Jun 2026: Paige Estritori
Suncorp, a leading Australian insurer, has announced a strategic initiative to expand its presence in the strata insurance market. By reclassifying its strata insurance line from consumer to commercial, Suncorp aims to consolidate and grow its business in this sector, reflecting a clear strategic move to enhance its offerings for larger strata developments. - read more
Suncorp Bolsters Financial Resilience with $2.4 Billion Reinsurance Deal
Suncorp Bolsters Financial Resilience with $2.4 Billion Reinsurance Deal
15 Jun 2026: Paige Estritori
In a strategic move to enhance its financial resilience, Suncorp has secured a substantial reinsurance agreement valued at $2.4 billion over a five-year period. This agreement, set to commence on June 30, 2026, provides the insurer with $800 million of protection annually, aiming to mitigate the financial impact of escalating natural hazard costs. - read more


Hotel Insurance Articles

The Role of Training in Minimising Liability for Hotel Operators
The Role of Training in Minimising Liability for Hotel Operators
Operating a hotel is not just about offering great services and hospitality. It also involves understanding and managing various types of liability risks. Liability in the hospitality industry can arise from numerous situations, and being unaware of these can potentially expose hotel operators to significant legal issues and financial losses. - read more
The Importance of Risk Assessment in Tailoring Your Hotel’s Insurance Coverage
The Importance of Risk Assessment in Tailoring Your Hotel’s Insurance Coverage
Risk assessment is a fundamental process in evaluating potential exposure to financial losses and liabilities in the hospitality industry. It involves identifying, analyzing, and evaluating risks that could impact hotel operations. By understanding these risks, hotel operators can tailor their insurance policies to provide comprehensive coverage and mitigate potential payouts. - read more
Claims Made Simple: What to Expect When Filing Hotel Insurance Claims
Claims Made Simple: What to Expect When Filing Hotel Insurance Claims
Running a hotel is a complex operation that involves many moving parts. From welcoming guests to maintaining the property, there's a lot to manage. One critical aspect that often flies under the radar is hotel insurance. This form of insurance plays a crucial role in safeguarding your business from unforeseen events that could disrupt operations or impact your financial health. Whether it's damage from natural disasters or unexpected liabilities, insurance is your safety net. - read more
The Role of Business Interruption Insurance in Sustainable Hotel Operations
The Role of Business Interruption Insurance in Sustainable Hotel Operations
Business interruption insurance is a policy that covers the loss of income a business suffers after a disaster. While property insurance covers the physical damage to a business, business interruption insurance covers the profits that are lost. It ensures that a company's revenue stream can continue even if its operations are halted due to unexpected events. - read more
Custom Insurance Solutions: Protecting Your Hotel from Unique Risks
Custom Insurance Solutions: Protecting Your Hotel from Unique Risks
The hospitality industry in Australia is a dynamic and ever-evolving sector, characterised by a diverse range of services and offerings. Hotels operate in a vibrant environment, catering to both local and international guests while constantly adapting to seasonal changes, economic shifts, and emerging trends. This dynamic nature introduces a variety of unique risks that need to be managed effectively. - read more

Knowledgebase
Aggregate Limit:
The maximum amount an insurer will pay for all covered losses during a policy period.