Zurich UK inks £700m deal with Howden MGA

Zurich UK has signed a five year MGA capacity deal worth over £700 million with a specialist and niche motor insurer and part of the A-Plan/ Howden Group.

The partnership will see Zurich provide sole capacity for KGM Underwriting’s motor portfolio. The five-year deal will commence in January 2022.

Dave Martin, Zurich’s head of retail, noted that the deal aligns to the company's wider retail growth strategy. “Our partnership with KGM leverages their long-established reputation and expertise in specialist sectors which provides strategic diversification to our Personal Lines portfolio,” he said.

Tim Bailey, Zurich UK CEO, added: “This is a great result and strengthens our growing relationship with the A-Plan Group.”

Matt Puttick, CEO of KGM Underwriting said: “ Zurich has backed our expertise with a five-year partnership which provides KGM security of capacity that enables us to continue to invest in the long-term capability of the business to deliver our sustainable growth plans.”

Carl Shuker, group chief executive of A-Plan Group, commented: “We’re delighted to strengthen our strategic relationship with Zurich, which goes back to the earliest days of A-Plan, and would like to thank their team for all their work in helping put together this new and exciting capacity arrangement.”

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