Menu

Reinsurance News

Zurich enters £105mn agreement with AIUA

21st September 2021 - Author: Charlie Wood

Global insurer Zurich has signed a five year agreement with specialist underwriter and Ardonagh subsidiary AIUA, worth an estimated £105 million of gross written premium.

Zurich LogoUnder the agreement Zurich has agreed to provide sole underwriting capacity for a portfolio of farm and agriculture motor.

“This deal further strengthens our strategic relationship with Ardonagh and is consistent with our retail strategy,” David Martin, Zurich’s Head of Retail.

“We are continuing to expand and diversify our retail business by building long-term capacity agreements with specialist, high-performing underwriters.

“AIUA have a long-established expertise in the rural insurance market, and we are delighted to be working with them.”

RMS

Derek Coles, GEO CEO, added, “I am delighted to further develop and strengthen our strategic partnership with Zurich, building not only on our successful relationship in agriculture (with The Rural Insurance Group) but elsewhere across the Geo ‘house of brands’.

“Both Geo and Zurich are committed to the specialist agriculture insurance sector, seeing this as a real opportunity for growth, and I’m delighted they have chosen to back our technical knowledge and expertise.”

Zurich takes over from previous capacity provided by AXA.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Lawrence to succeed Del Col as Sompo Intl. General Counsel

Bermuda-based specialty property and casualty re/insurer Sompo International has announced the appointment of Windy Lawrence as its new General Counsel....

Close