What Chase Underwriting does

Chase Underwriting Solutions Pty Ltd is an Australian insurance underwriting agency (MGA) founded in 2012, headquartered in Southbank, Melbourne, and operating under multiple binder arrangements for and on behalf of Lloyd's, international, and local insurers. The company distributes insurance products exclusively through a national network of insurance brokers, targeting specialty and complex risks across nine product divisions: Accident & Health (corporate travel, group personal accident, leisure travel), Complex Risks (hard-to-place property), Construction (material damage, delay in start-up, liability, contractors pollution), Credit Risk (non-payment insurance up to USD 100m), Environmental Risks (EIL up to A$25m), Medisure Allied Health (medical malpractice and PI), Plant & Equipment (mobile plant coverage backed by Berkshire Hathaway), and Professional Risks (cyber, IT, management liability, PI up to A$20m). A legacy Breeze Underwriting brand is no longer issuing new products.

The company holds Australian Financial Services Licence 454344, Lloyd's Coverholder status (since 2018), and operates five Australian offices (Melbourne, Sydney, Brisbane, Perth, Adelaide) plus a UK operation (Chase Global UK / 538 Underwriting, established 2018) serving US and UK Construction & Engineering project risks. Chase Underwriting Solutions is a wholly-owned subsidiary of the Envest / Ardonagh Group following Ardonagh's 2024 acquisition, and has grown both organically and through serial acquisitions (Breeze 2016, Medisure and Online Insurance Brokers 2017, Ensurance UK 2022, Ensurance Australia 2023). Revenue is generated via underwriting agency commissions and fees on binder-arranged policies across the multi-line portfolio, with no direct-to-consumer sales channel and pricing ranging from A$105 individual allied health covers to A$1,000+ environmental minimum premiums and multi-million-dollar specialty limits.

Name

Chase Underwriting

Legal name

Chase Underwriting Solutions Pty Ltd

Website

https://chaseunderwriting.com.au

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Chase Underwriting Solutions is an Australian multi-line insurance underwriting agency (MGA) established in 2012, distributing specialty and complex-risk products through a national broker network under Lloyd's Coverholder and AFSL authority, now part of the Ardonagh Group.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

akta.pro secondary industries

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD), Commercial Lines Insurance Brokerage (FSAEADAB), Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)

Keywords

• Insurance underwriting agency
• Specialty insurance products
• Construction insurance
• Professional indemnity coverage
• Broker distribution network

Headquarters

HQ city

Southbank

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Underwriting Agency Fees: Chase Underwriting Solutions generates revenue as an underwriting agency operating under binder arrangements for Lloyd's, international and local insurers. The company earns fees and commissions from underwriting insurance policies across multiple specialty lines including construction, professional risks, accident & health, credit risk, environmental risks, plant & equipment, and allied health (Medisure).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Chase Underwriting Solutions operates as an insurance underwriting agency distributing specialty insurance products through a network of insurance brokers. Operating under multiple binder arrangements on behalf of Lloyd's, international and local insurers, the company offers specialty lines across construction, professional risks, accident & health, credit risk, environmental risks, plant & equipment, and allied health (Medisure). Founded in 2012, Chase has grown to become the largest Construction & Engineering focused underwriting agency in Australia.

Product overview

Chase Underwriting Solutions is an insurance underwriting agency established in 2012, operating as a multi-divisional platform with specialized product lines. The company offers a portfolio of distinct insurance products across nine core divisions: Chase Accident & Health (corporate travel, group personal accident, sports, voluntary workers, journey coverage, and leisure travel platforms), Chase Complex Risks (hard-to-place property insurance), Chase Construction (material damage, liability, delay in start up, contractors pollution liability), Chase Credit Risk (comprehensive non-payment insurance for banks), Chase Environmental Risks (EIL coverage including fixed site and contractors pollution liability), Medisure Allied Health (medical malpractice, professional indemnity, public/products liability, association liability, property), Chase Plant & Equipment (mobile plant and equipment coverage), Chase Professional Risks (cyber, IT, management liability, professional indemnity), and the legacy Breeze Underwriting brand (no longer issuing new products). The company operates under multiple binder arrangements for Lloyd's, international and local insurers, with particular focus on niche and complex areas where specialized expertise in class and product development provides competitive advantage.

Differentiator

Problem solved

Functional benefit

Brands

• Medisure: Allied Health insurance brand offering Medical Malpractice, Professional Indemnity, Public and Products Liability, Association Liability, and Property/Business Pack insurance products for medical, health and wellness professionals.
• Breeze Underwriting

Products and services

• Chase Construction Construction insurance specialist offering broad coverage for construction projects including annual and single project programs, material damage, delay in start up, liability (primary and excess of loss), contractors pollution liability, and contractor's plant and equipment, with liability limits up to $250 million.
• Chase Professional Risks Professional lines insurance specialist offering cyber liability, IT liability, management liability, professional indemnity (design & construct and general) with limits up to $20 million for financial lines across professional disciplines.
• Medisure (Allied Health) Bespoke insurance products for medical, health and wellness professionals under Medisure Indemnity Australia Pty Ltd AFSL, offering medical malpractice, professional indemnity, public and products liability, association liability, and property/business pack coverage, with limits from $1 to $20 million.
• Chase Accident & Health Corporate accident and health insurance products ranging from large employer or group insurance schemes to small business needs via traditional and online platforms, including corporate travel, group personal accident and sickness, sports personal accident, voluntary workers, journey coverage, and leisure travel white-labelled quotation platforms.
• Chase Complex Risks

Quantifiable outcome

• Largest Construction & Engineering focused underwriting agency in Australia by 2018
• +5 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and secondary.

• Lloyd'scoreStrategic or Co-development Partner · 1 January 2012Chase operates under Lloyd's Coverholder status (received in 2018), distributing Lloyd's insurance products through binder arrangements. The partnership provides access to substantial capacity and international insurance markets for complex risks.
• Berkshire Hathaway Specialty Insurance CompanycoreStrategic or Co-development PartnerUnderwriting partner for Plant & Equipment products, providing security backed by Berkshire Hathaway for mobile plant & equipment coverage including material damage, business interruption, and liability risk.
• Envest / Ardonagh GroupcoreStrategic or Co-development PartnerParent company group that Chase Underwriting Solutions is part of, providing organizational backing and integration within the larger insurance group structure.
• Breeze UnderwritingcoreStrategic or Co-development PartnerBreeze Underwriting joined Chase in 2016 focusing on Accommodation, Hospitality and Hire & Rental. Breeze Underwriting (Aust) Pty Ltd is now an Authorised Representative of Breeze Underwriting Pty Ltd, AFSL 235130. Breeze is no longer issuing new products, with matters administered by Chase.
• Medisure Indemnity Australia Pty LtdcoreStrategic or Co-development PartnerAcquired in 2017, Medisure operates within Chase offices under its own AFSL (412681), focusing on Professional Indemnity, Public Liability, Management & Association Liability and Property Insurance for Medical and Allied Health sectors.
• Online Insurance BrokerssecondaryStrategic or Co-development PartnerAcquired in 2017, specializing in Leisure Travel products and schemes, expanding Chase's accident & health capabilities.
• Chase Global UK (538 Underwriting)secondaryStrategic or Co-development PartnerEstablished in 2018, UK operation focusing on US / UK Construction & Engineering project risks, extending Chase's geographic reach internationally.
• Ensurance UKsecondaryStrategic or Co-development PartnerAcquired in 2022, joining Chase business focusing on Construction, Plant & Equipment, Cyber, Terrorism & Sabotage, Engineering and Casualty.
• Ensurance AustraliasecondaryStrategic or Co-development PartnerProfessional risks specialist underwriting agency acquired in 2023, expanding Chase's professional risks capabilities.

Scale indicators4 records

Recent moves9 records

Expansion highlights6 records

Regional players

• PSC Insurance Group: PSC Insurance Group is an Australian specialty broker and underwriting agency operator referenced in Chase's subsidiary privacy statements, comparable as a domestic specialty insurance distribution and underwriting platform.

Others

• Liberty Specialty Markets: Liberty Specialty Markets handles Chase Environmental Risks claims and underwrites similar environmental, casualty and specialty classes; comparable as both a capacity partner and a specialty market competitor.
• Berkshire Hathaway Specialty Insurance: BHSI is a capacity partner of Chase for Plant & Equipment products and a global specialty insurer; comparable as a peer that both supplies capacity to and competes in the same construction and specialty insurance markets.

Broad incumbents

• AIG Australia: AIG is a broad incumbent in Australian construction, casualty and specialty lines, competing with Chase's broker-distributed specialty offerings from a carrier rather than MGA position.
• Beazley: Beazley is a Lloyd's-listed specialty insurer with major franchises in construction, professional indemnity, cyber and specialty casualty — a broad incumbent operating in the same specialty classes Chase targets but as a carrier rather than an underwriting agency.
• Allianz Australia: Allianz is a broad Australian P&C incumbent offering construction, liability and specialty products both directly and through MGAs, comparable as a large carrier competing with Chase's broker-distributed specialty products.

Emerging players

• Accelerant: Accelerant is an emerging specialty MGA platform that partners with underwriting agencies to provide data and capital, comparable to Chase as a specialty underwriting agency distributed through brokers and reliant on third-party capacity.

Direct peers

• Burns & Wilcox: Burns & Wilcox is a large specialty wholesale brokerage and underwriting agency distributing complex P&C risks through brokers, closely comparable to Chase's specialty, broker-only distribution model and focus on hard-to-place risks.
• CFC Underwriting: CFC is a London-headquartered specialist MGA with strong construction, professional lines and cyber offerings distributed through brokers — directly comparable to Chase's specialty underwriting agency model and Lloyd's-based capacity stack.
• Risk Placement Services (RPS): RPS is a wholesale broker and specialty MGA platform distributing excess & surplus lines and specialty commercial insurance through brokers, comparable in role to Chase as a specialty intermediary rather than a carrier.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/chase-underwriting-pty-ltd

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chase Underwriting