iprism signs multi-year capacity deal with Zurich

iprism, a Managing General Agent (MGA), has announced a new multi-year capacity deal with global insurer Zurich.

Under the deal, Zurich will provide Property and Casualty capacity for iprism’s Property Owners and Commercial Combined products, expected to generate up to £30 million in gross written premium.

This agreement expands the existing partnership, where Zurich already provides capacity for iprism’s Trades & Professions and Retail package products.

Ian Lloyd, CEO of iprism, said, “This is an exciting long-term partnership for iprism. Broadening our relationship with Zurich brings the kind of financial strength and stability we look for in our capacity partners.

“As an independently owned MGA, we offer our brokers an attractive combination of quality markets in which to place their commercial business, with in house underwriting authority and expertise.”

David Nichols, Head of Retail at Zurich UK, added, “iprism has built a strong reputation for choice, underwriting acumen and profitability.

“We’re confident that they will continue to deliver strong results and the kind of underwriting discipline and risk selection we expect from our partners.”

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