’This partnership is further proof of our commitment to investing in the future of UK farming and rural enterprise insurance,’ says head
Rokstone-owned MGA iFarm Underwriting has extended its multiyear capacity commitment via the Accelerant Risk Exchange, adding long-term support from Hadron UK.
The deal will see iFarm get a five-year capacity commitment for its farm combined, farm focus and property owners’ select portfolios from Hadron UK.
The MGA will also gain access to a broad panel of A-rated carriers to support its continued growth and service to the UK agricultural market.
Lee Ellis, head of iFarm, said: “Over the past two years, iFarm has undergone a significant transformation. We’ve invested in our team of specialist underwriters, made system and process changes to drive service improvements, in addition to our relationships with high-quality, A-rated insurers. This is now driving growth in our client base and network of brokers.
“The service we provide to our customers has improved considerably in that time, with our broker partners consistently telling us we’re delivering a market-leading service experience. This partnership is further proof of our commitment to investing in the future of UK farming and rural enterprise insurance.”
Growth
iFarm was founded in 2015 and, by 2020, had achieved 80% growth in gross written premium (GWP).
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The growth was done organically through service levels, product innovation and a commitment to understanding broker partners’ demands.
Colin Johnson, international chief executive at Hadron, said: “We’re excited to support iFarm as they continue to raise the bar in agricultural underwriting.
“Its deep sector expertise and strong broker relationships make them an ideal long-term partner.”
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