RSA says it has “mutually agreed” with Touchstone Underwriting to terminate their agreement
Lloyd’s insurer Catlin will replace RSA as the lead capacity provider for Touchstone Underwriting’s specialist tour operator and travel agents schemes business from 1 October.
The schemes include office combined for travel agents and combined liability and professional indemnity for tour operators and travel agents.
Touchstone Underwriting managing director Alan Roe said: “We are really excited to be working with Catlin. This is a huge step forward.
“The future potential for these schemes and other commercial opportunities is immense.”
An RSA spokeswoman said: “We have mutually agreed with Touchstone Underwriting to terminate our agreement in respect of our travel products.”
Touchstone is targeting £40m in gross written premiums within three years.
It bought Shield Underwriting from broker Stackhouse Poland back in December, increasing its capacity by £1.5m to £13.5m.
Touchstone specialises in insurance products for tour operators, roofers and scaffolders and unoccupied property, while Shield is a professional indemnity specialist with products for hotels, pubs and restaurants, and dry cleaners.