MGA’s new hire will develop new products for distribution through UK brokers
Underwriting agency Aqua has hired Towergate’s Scott Brown as an executive director to develop its UK commercial offering to brokers.
Brown was previously Towergate’s chief executive of commercial lines and bespoke underwriting. Before this he was managing director of Towergate-owned coverholder Fusion.
In his new role at Aqua, Brown will develop new products for distribution through specialist UK brokers.
The new products will be in addition to Aqua’s existing commercial offering, which includes specialist cover for commercial engineers, manufacturers, storage and distribution companies and printing businesses.
Aqua chief executive Graham Elliot said: “We are already growing strongly in the UK private insurance sector and are seeing similar success with our recent international product launches in terrorism, Caribbean property and marine.
“Scott’s experience and product development expertise will allow us to put greater focus on new products for the UK commercial sector.”
Brown added: “The UK commercial market is competitive, but there is both market capacity and broker appetite for insurance products that intelligently address niche areas of commercial risk. Aqua’s highly targeted approach and strong relationships with insurers and producing brokers mean it can quickly identify areas of need and opportunity and bring relevant products to market.”