Capacity provided by Ironshore Europe and Equity Red Star
Randall & Quilter-owned MGA Synergy Insurance Services has expanded its product range after securing new capacity providers.
The MGA is a provider of personal insurance for medium- and high-net-worth (HNW) individuals.
Synergy has established new long-term agreements with two A-rated capacity providers, Ironshore Europe Ltd and Equity Red Star.
As a result, Synergy’s product rangae now includes insurance of UK and European properties, high performance vehicles, classic cars and large fine art and jewellery portfolios.
The MGA has also secured a new single specialist HNW claims provider for all claims, through Lawshield UK.
Synergy is part of R&Q MGA Limited, the specialist MGA segment of Randall & Quilter.
Commenting on the launch, Synergy underwriting director Emma Bennett said: “Our new long-term agreements with Equity Red Star and Ironshore Europe have enabled us to broaden our risk appetite and product range for our clients. Furthermore, our agreement with Lawshield means our clients will benefit from offering a single claims provider and contact number for all claims.”
R&Q MGA chief executive Nicholas Hales added: “This product launch is a further example of our commitment to growing the R&Q MGA offering. We’re focused on replicating the Group’s unrivalled quality of service and innovation across our global platform and we look forward to the continued development of R&Q’s MGA underwriting business.”
In addition to Synergy,. the R&Q MGA stable also includes R&Q Just Underwriting, R&Q Marine Services and R&Q Commercial Risk Services.