New capacity deal will broaden risk appetite
Catlin has replaced Ageas as the capacity provider of UK General’s commercial motor binder agreement.
The move comes after Catlin replaced QBE as UK General’s commercial insurance capacity provider in May.
UK commercial managing director Mike Keating said using Catlin for both commercial combined and commercial motor products would give UK General a chance to expand its underwriting appetite and broker offer.
It would also give the regional brokers UK General targets more flexibility to bundle those products for the same client, he added.
“This is an important next-step in our journey to UK General becoming a leading commercial insurer for regional, independent brokers,” Keating said.
“The partnership between UK General’s commercial team and Catlin will allow us to enhance our risk appetite and bring a range of new and more competitive products to market, designed and built around the needs of our supporting broker partners and their customers.”
The commercial motor deal has been signed for three years.
In a separate extension to the agreement, UK General Commercial will become Catlin’s sole distribution partner for commercial motor business in Northern Ireland. Keating said: “Our approach will be to work selectively with a small number of supporting broker partners in the Northern Ireland region to jointly develop our commercial motor offering.”