Iprism, the Construction, Property and High Net Worth MGA, has signed a new multi-year capacity deal with leading global insurer Zurich.
The new deal sees Zurich now provide the MGA with Property and Casualty capacity for its Property Owners and Commercial Combined products.
The deal extends the MGA’s existing arrangement with Zurich, where the insurer provides capacity for its Trades & Professions and Retail package products. The deal is expected to yield up to £30m of gross written premium.
Iprism’s CEO, Ian Lloyd, commented:
“This is an exciting long-term partnership for iprism. Broadening our relationship with Zurich brings the kind of financial strength and stability we look for in our capacity partners. As an independently owned MGA, we offer our brokers an attractive combination of quality markets in which to place their commercial business, with in-house underwriting authority and expertise.”
David Nichols, Head of Retail at Zurich UK, commented:
“Iprism has built a strong reputation for choice, underwriting acumen, and profitability. We’re confident that they will continue to deliver strong results and the kind of underwriting discipline and risk selection we expect from our partners.”
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