Blue Zebra Insurance has switched from Youi to QBE for its motor vehicle insurance from July 1, 2025.
According to the latest amendment to it Product Disclosure Statement (PDS), as outlined on its website, Blue Zebra’s motor vehicle insurance will be underwritten by QBE from the start of the new financial year.
BZI managing director, Colin Fagen, confirmed to Paint and Panel Magazine that QBE will underwirite all motor vehicle insurance for Blue Zebra in the future.
Earlier this year, the company confirmed in a press release that it was in advanced negotiations with new underwriting partners following Youi's announcement to focus on direct distribution in Australia from 1 July 2025.
At the time, Fagen said the company would continue to focus on expanding its current product offerings and was targeting a seamless transfer to new capacity.
Fagen also said BZI's independent shareholders would also look to purchase Youi's shares in BZI and increase their stake in the business.
“With Youi exiting, it gives us the independence to negotiate our capacity for either our full product range or specific product lines and align with underwriters who share the same focus and passion for servicing the intermediated distribution channel. This is an exciting stage in the evolution of BZI,”Fagen said.
“We will be announcing further details shortly and want to assure our broking partners that it is business as usual for BZI during this transition.”
BZI said current policies will not be impacted.
“We will continue to distribute Youi backed product until 30th of June, after which time we will work closely to manage the run-off and our transition to new paper, to maintain our support for customers.”
Last year Blue Zebra transacted over $300 million gross written premiums (GWP).
The company has tripled in size in the past five years and it has launched several new products.
“Blue Zebra continues to consistently win industry awards and acclaim for innovation, speed and ease of service,” Fagen added.
“The team at BZI is grateful for the support from Youi during this transformational period of growth. We are confident that both businesses will continue to grow and evolve to suit our unique customer needs.”