QBE has announced it has entered into an agreement with wholesale broker UK General Insurance whereby QBE has been appointed sole carrier for UK General’s commercial insurance programme, as well as the entire portfolio of Rural Insurance, the specialist agricultural insurer. The agreement will come into effect on 1 January 2013.
Ash Bathia, Chief Underwriting Officer of QBE’s Property, Casualty & Motor division said: “This partnership underlines QBE’s appetite and ambition to work with MGAs on agreements of this nature. This agreement, which through UK General provides UK-wide access for our commercial and agricultural business lines, will be one of the catalysts for the transformation and growth of our ‘Fast Flow’ business which offers a broad range of products for small to medium-sized businesses.”
Dave Greaves, head of QBE’s Fast Flow business, adds: “We aim to grow QBE’s e-trading Fast Flow business substantially over the next three years. Our focus is on commercial property and casualty lines for small and micro businesses, and this year we have added Professional Indemnity Combined to our existing Business Combined, Tradesman and Office policies available through our e-trading platform. Our agreement with UK General Insurance provides us with a further quality distribution channel to reach brokers across the UK.”
