Arrangement will start from January next year

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Towergate-owned managing general agent Fusion has entered into a five-year capacity deal worth £150m with insurer Tokio Marine Kiln.

The arrangement which starts on 1 January 2017 will cover all liability products.

Fusion chief executive of commercial lines David Bruce said: “Tokio Marine Kiln is a new trading partner, and it’s a great endorsement of Fusion’s value in the marketplace that they’ve chosen to work with us. I’m delighted to be working with this insurer, whose backing provides A-rated paper for our broker partners.”

Tokio Marine head of liability Chris Jones added: “Throughout this process we’ve been impressed with Fusion’s commitment to their broking partners and clients, we look forward to a productive five years working together.”

Fusion and sister brand Arista write a total of £300m in premiums through 500 brokers.