Elite Insurance has entered into an agreement with a leading after-the-event (ATE) insurance broker.

Following its usual policy, the Litcomp subsidiary has not named the broker but the move takes the total number of Elite's active specialist broker partners to eight.

Jason Smart, managing director of LitComp, said: “We are delighted to have signed a contract with this leading broker, and believe that the deal will lead to an increase in the proportion of high value premiums written by Elite. We are actively developing our portfolio of financial and legal insurance offerings and believe that we are well placed to take advantage of the market and grow our business further, putting us on track to achieve our ambitions for the current financial year.