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Zurich enters into five-year partnership with Plum

Insurance firm Zurich UK has announced a five-year partnership with MGA Plum Underwriting to “provide capacity for their UK non-standard home insurance portfolio”. 

The deal replaces a previous collaboration with Lloyd’s and will focus on a portfolio of “targeted products in the non-standard property segment”, catering for risks including non-standard construction, unoccupied properties and subsidence. 

According to the firm the partnership incorporates a blend of case underwritten and digitally distributed products, drawing on “Plum’s significant expertise in the specialist property sector”. 

Phil Ost, Zurich’s head of personal lines stated that he is “delighted to launch” the new partnership agreement with Plum Underwriting. 

He said: “Their long-established reputation and expertise in the specialist property market is clear and we look forward to working with the Plum team on profitably growing this portfolio, as well as further deepening our relationship with the wider GRP Group.” 

David Whitaker, managing director at Plum, added: “This partnership with Zurich affirms our commitment to providing brokers and their clients with sustainable, high quality insurance products. 

“The five-year deal recognises the importance of long-term stability and how combining this with a technology led strategy drives measurable benefits to Plum and our brokers.” 

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