The latest update from Uris Group for you;
Specialist personal lines MGA Uris Group has announced the renewal and expansion of its long-standing partnership with Zurich, agreeing a new five-year arrangement that will support significant growth in the group’s specialist property insurance portfolio, trading as Midas.
The new agreement, effective from 1 October, will provide capacity to underwrite up to £55million in premiums annually, equivalent to £275million over the course of the agreement.
Uris’s property portfolio, which trades as Midas, focuses predominantly on non-standard household insurance. This includes cover for risks such as non-standard construction, unoccupied or let properties.
Derek Coles, Chief Executive at Uris Group, said: “This renewal marks an important milestone for us following last year’s management buy-out. Zurich has been a trusted partner for many years, and this new agreement provides us with long-term certainty, expanded capacity, and plenty of headroom to support our growth ambitions.
“We’re proud to be one of the few places where brokers can continue to access Zurich-backed household cover, and we look forward to building on our successful relationship over the next five years.”
David Nichols, Head of Retail, Zurich UK, added: “We are delighted to extend and deepen our partnership with the Uris Group. These longstanding relationships are an important part of our business strategy. This new agreement reflects our commitment to supporting specialist partners in delivering long-term value and sustainable growth through an exciting phase of development.”
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