Towergate, Ageas and Arista team up on capacity agreement

Insurance companies Towergate and Ageas and underwriter Arista  have signed a major new strategic partnership which sees Ageas provide capacity for £60 million each year for the next five years across Arista’s commercial motor, property and liability products.

The deal also sees Ageas providing capacity for Towergate’s Holiday Homes portfolio.

Derek Henry, group carrier relationship director, Towergate Insurance, said: “We are delighted that Ageas are partnering with us on Arista and Holiday Homes. In this tough market, Ageas’s backing is a terrific endorsement of our underwriting approach and expertise. We look forward to working with Ageas as we continue to deliver the best products and services for our broker partners.”

Chris Dobson, Ageas’s Broker distribution director, said: “We’re proud to be working with Towergate once more in this part of the Commercial market. Arista is an established brand in the broker market and we’re excited about both the future of our partnership, and continuing to offer the right products, services and solutions to meet brokers’ needs.”