Zurich agrees capacity deal with insurtech MGA C-Quence
Zurich Insurance has agreed a capacity deal with C-Quence, an insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform.
Zurich will provide further capacity for C-Quence's management liability and stand-alone D&O products.
Additionally, C-Quence has added a legal expenses coverage module to its property/casualty (P&C) product suite. The cover will be provided by ARAG, on behalf of AmTrust Europe. It includes a range of insured events such as employment issues, tax disputes, property damage claims, compliance and regulation issues and other specified risks.
“We are extremely pleased that Zurich has agreed to provide additional capacity for our Financial Lines products," said Jacqueline McNamee, founder and CEO of C-Quence. "Top rated capacity providers are key to our strategy of offering quality products and a market leading platform backed by A rated capacity. Adding Zurich enables us to broaden our Financial Lines proposition particularly when it comes to bespoke technology driven solutions for schemes and facilities business.”
Stephen Moss, Zurich head of specialty lines, commercial insurance UK, commented: “We are delighted to work with C-Quence. We have been impressed by the technological capabilities of their C-Q Elements trading and underwriting platform which we believe provides a highly efficient and cost effective way of arranging cover for volume business. We look forward to a long and successful relationship.”
Gregory Firnau, head of product development at C-Quence, added: “When we launched our P&C product in March we indicated our intention to add a Legal Expenses coverage module. We are now thrilled to be partnering ARAG who have an excellent reputation in this field. Not only are we able to offer a wide scope of cover, but also a range of phone-based support services that our policyholders can rely on to help prevent disputes arising.”
Colin Fennelly, ARAG’s city account manager, said: “C-Quence is a great example of an Insurtech business leading the industry in terms of both product and technical innovation, which is why we are extremely pleased to be working with them.”
