Acerta is to underwrite burglary and income protection policies for Brisbane-based Specialist Underwriting Agencies (SUA), replacing Assetinsure.

SUA director John Iles says the companies will team up on his company’s excess burglary and business income protection products.

“SUA and Assetinsure parted ways on these products late last year,” he told insuranceNEWS.com.au.

“Although Assetinsure was a great partner for a long period, both companies felt it was time to move on.”

Acerta is the new name for the intermediary division of Guild Insurance, Australia’s largest insurer of allied health and childcare professionals.

Excess burglary has been a mainstay of SUA’s product portfolio since 1995. It provides top-up protection when primary insurers cannot provide enough coverage.

The business income product provides weekly benefits in the event of material damage losses. It is unique in the market because it has no indemnity period limitation.

Acerta Head of Intermediary Wayne Bismire says the tie-up “aligns with our value proposition of offering specialised solutions through professional partners”.

He says Acerta and SUA share a specialist strategic outlook.