Munich Re subsidiary ERGO UK has signed a multi-year capacity agreement with property development, investment and transaction Managing General Agent CLS Risk Solutions.
ERGO UK has been CLS RS’ primary capacity partner for the last ten years.
CLS RS considers the deal a vote in confidence and says it will allow the company to provide significant capacity to its target segment.
The MGA offers a range of insurance solutions targeting a range of legal, planning or environmental damage disputes.
“I’m proud that ERGO UK has given CLS RS a vote of confidence in our business and growth trajectory with the renewal of its capacity support,” said Rob Best, CLS RS.
“The extension of the successful 10-year partnership between CLS and ERGO UK with the signing of our multi year agreement is testament to the strength of our business model and the demand for our bespoke product in the market.”
A spokesperson for ERGO UK added, “ERGO Insurance is committed to the MGA market and is a credible, consistent risk carrier providing continuous relationships with MGA partners, such as CLSRS.”
