Imperium Insurance Management, the MGA which is soon to be launched in conjunction with Direct Insurance Group, has secured capacity with XL Catlin.
Imperium aims to provide UK and Irish brokers with specialist insurance solutions and plans to write £50 million of gross written premium in five years.
Tony Lawrence, managing director of Imperium, said: “I am delighted to have secured this deal with XL Catlin who will support our objective of growing the business profitably. The breadth of capacity, coupled with our sister company being a Lloyd’s broker, enables us to give brokers different solutions to help them grow with us."
Richard Jinks of XL Catlin, said: “We are looking forward to supporting Imperium with solutions across a range of product lines. Imperium’s specialist focus fits with XL Catlin’s strategy to deliver innovative solutions for complex risks and enables us to enhance our growth through provincial brokers.”
Imperium Insurance Management launches on May 13, 2015