Arrangement will start from January next year
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.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
No comments yet