Important Announcement – WA Home Indemnity Insurance

Residential Builders Underwriting Agency Pty Ltd (RBUA) wishes to advise that it will cease to distribute Home Indemnity Insurance (HII) in Western Australia after 31 October 2017. The existing arrangement, where RBUA acts as agent of Great Lakes Insurance SE t/as Great Lakes Australia (GLA), who in turn have a reinsurance agreement with the State of Western Australia via the Department of Mines, Industry Regulation and Safety (previously known as the Department of Commerce – DOCWA) is to expire after 31 October 2017. GLA have advised the Department of Mines, Industry Regulation and Safety that they do not wish to renew or extend the current reinsurance agreement post expiry.

Effectively this means that QBE Insurance will be the only provider of HII in Western Australia from 1 November 2017 onwards.