HDI Gerling, Swiss Re, Libery back EPU with capacity
Managing general agent European Property Underwriting (EPU) has secured what it described as a transformational capacity arrangement with a number of partners, led by HDI Gerling, with co/reinsurance participations from Liberty Mutual Insurance and Swiss Re Corporate Solutions.
The arrangement will give EPU the ability to write lines in excess of £300 million and will allow HDI-Gerling to enter the property owners sector.
Ian Dopson, managing director, EPU, said: “EPU have a great track record of giving our broker partners and their clients an edge in the market. Our experience and connectivity, backed by this new first class capacity, gives a guarantee of service excellence, expertise and significant capacity for major property risks."
Richard Taylor, managing director, HDI-Gerling UK, said: “EPU has managed and developed a profitable portfolio for the last 15 years. They have a professional and experienced team which together with our significant capacity, excellent security and extensive global network will enable us to take advantage of the business opportunities both here in the UK and throughout Europe."
Marc Davis, country manager, UK and Ireland, Swiss Re Corporate Solutions, added: “Putting customers at the centre of our thinking is of utmost importance to our firm and in EPU we have found an innovative and responsive counterpart who believes, like us, in working smarter together with clients."
