Zurich signs five-year capacity deal with specialist motor MGA

Zurich has entered a new five-year capacity agreement with KGM Underwriting.

KGM Underwriting, part of A-Plan and Howden Group, is a UK-based specialist and niche motor MGA.

The five-year arrangement is worth over £700m gross written premium (GWP) and will commence in January 2022 – it will secure Zurich’s solus capacity for KGM’s motor portfolio.

Dave Martin, Zurich’s head of retail, said: “We’re delighted to announce our new partnership with KGM.

“This deal aligns to our wider retail growth strategy by combining the financial strength, expertise and brand of Zurich with the technical knowledge and distribution reach of a specialist underwriter and strategic broker partner.

“Our partnership with KGM leverages [its] long-established reputation and expertise in specialist sectors, which provides strategic diversification to our personal lines portfolio.”

Sustainable growth plans

Zurich UK chief executive Tim Bailey added that the deal “is a great result and strengthens our growing relationship with the A-Plan Group”.

Matt Puttick, chief executive at KGM Underwriting, said: “This partnership is great news for our brokers, customers and team.

”We’re really looking forward to working with such a well-respected insurance brand and team who share our ambitions.

“Zurich has backed our expertise with a five-year partnership, which provides KGM security of capacity that enables us to continue to invest in the long-term capability of the business to deliver our sustainable growth plans.”