’We’re confident it will continue to deliver strong results and the kind of underwriting discipline and risk selection we expect from our partner,’ says insurer’s head of retail
Specialist construction, property and high net worth (HNW) MGA Iprism has signed a new multi-year capacity deal with insurer Zurich.
The new deal involves capacity for the MGA’s property owners and commercial combined products and extends the MGA’s existing arrangement with Zurich, under which the insurer provides capacity for its trades and professions and retail package products.
In a statement, Iprism said the deal was expected to yield “up to £30m of gross written premium”.
Iprism achieved three stars and a score of 4.19 out of five in the most recent Insurance Times Five Star Ratings Report: MGA 2024/25.
Financial strength
Iprism chief executive Ian Lloyd said: ”This is an exciting long-term partnership for Iprism. Broadening our relationship with Zurich brings the kind of financial strength and stability we look for in our capacity partners.
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“As an independently owned MGA, we offer our brokers an attractive combination of quality markets in which to place their commercial business, with in house underwriting authority and expertise.”
David Nichols, head of retail at Zurich UK, added: ”Iprism has built a strong reputation for choice, underwriting acumen and profitability.
“We’re confident it will continue to deliver strong results and the kind of underwriting discipline and risk selection we expect from our partners.”
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