The broker network, Movo Partnership (Movo), has added CNA (rated A Excellent, AM Best) to its growing panel of capacity providers.
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 120 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.
As part of the delegated authority arrangement, Movo’s 60 AR broker members will now have access to all of CNA’s products via Acturis. This is the latest in a number of new agency additions to join the network’s broad panel of 300 complementary insurer agency arrangements including Travelers, Aviva, AXA, Zurich, Hiscox, RSA, AIG, to name a few.
Lea Cheesbrough, Managing Director of Movo Partnership, comments: “We are delighted to add CNA to the roster of insurers that support our network. We know that it is a privilege to be afforded delegated authority in the current hard market. It is a real vote of confidence in Movo as a Principal and in our members as brokers that want access to quality paper and broad product choice for their clients. At Movo all broking is done directly between our members and underwriters. No one knows the risks like the client facing broker. Insurers benefit by understanding the risk better and being more in control, whilst our brokers enjoy better terms. We welcome CNA to the network and look forward to developing a long and fruitful close working relationship with them.”
Since its launch in 2019 Movo has exceeded its targets, with 60 AR broker members, 39 staff and writing in excess of £55m GWP.
As a network Movo does things differently, it never demands overriders and members retain 100% of commissions – any profits generated by the network are reinvested by the business for the benefit of the membership and the future of broking. The Movo Partnership exists to be the most cost-effective way to run a brokerage and to encourage new start up brokers, replacing the brokerages in the market being lost to M&A activity.