Business

Q Underwriting unveils new capacity development

The specialist underwriter confirmed its recent renewal deal with Aviva

Q Underwriting has announced the completion of another capacity development, its recent renewal deal with Aviva.

The insurer is a long-term, A-rated partner for Q Underwriting and provides capacity into the Motor and Property and Package divisions for the underwriter.

The deal is worth £200m of capacity over five years and was completed by Matthew Schofield, chief underwriting officer for Q Underwriting’s MGU team.

Schofield said: “To renew our partnership with such a prestigious partner as Aviva, and to welcome Ergo, all in the first quarter of 2021 is an exceptional achievement for the business.

“To do this at a time where many in the market are experiencing challenges with capacity makes it more impressive.”

Bernard Mageean, CEO of Q Underwriting, said: “Securing this key binder, with a long-term commitment from Aviva is a great endorsement for Q Underwriting and the whole team.

“To close these deals at a time where many in the market are experiencing challenges with capacity demonstrates our strength and proposition. We are a valuable, robust partner for insurers and brokers alike.”

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