Personal lines MGA signs quarter-billion capacity deal with Zurich

Specialist personal lines MGA Uris Group has expanded its partnership with Zurich with a new quarter-billion capacity deal.

The firms said they have signed a new five-year arrangement that will support growth in the MGA’s specialist property insurance portfolio.

The agreement will be effective from 1 October 2025 and provide capacity to underwrite up to £55m in premiums annually – the equivalent to £275m over the course of the agreement.

David Nichols, head of retail at Zurich UK, said: “We are delighted to extend and deepen our partnership with the Uris Group.

“These longstanding relationships are an important part of our business strategy. This new agreement reflects our commitment to supporting specialist partners in delivering long-term value and sustainable growth through an exciting phase of development.”

’An important milestone’

Uris Group’s property portfolio, trading as Midas, focuses predominantly on non-standard household insurance, which includes cover for risks such as non-standard construction, unoccupied or let properties.

Derek Coles, chief executive at Uris Group, said: “This renewal marks an important milestone for us following last year’s management buyout.

“Zurich has been a trusted partner for many years and this new agreement provides us with long-term certainty, expanded capacity and plenty of headroom to support our growth ambitions.

“We’re proud to be one of the few places where brokers can continue to access Zurich-backed household cover and we look forward to building on our successful relationship over the next five years.”