European Property Underwriting targets growth after transformational capacity agreement with HDI Gerling, Liberty Mutual Insurance and Swiss Re Corporate Solutions
European Property Underwriting Limited (EPU), a leading Property Owners MGA, has secured a transformational exclusive capacity arrangement with respected and strongly capitalised risk transfer partners, led by HDI Gerling, with major co/reinsurance participations from Liberty Mutual Insurance and Swiss Re Corporate Solutions.
EPU is a highly regarded underwriting agency specialising in a range of insurance products for property owners via brokers. The business provides brokers and their clients with a unique service led proposition, specialist advice and high quality insurance cover aimed at mid to large property owners, asset managers and pension funds in the UK and Continental Europe. The business is owned by its management and Global Risk Partners Limited.
Ian Dopson, Managing Director of EPU, said: “We are delighted to be partnering with HDI Gerling, with support from Liberty Mutual Insurance and Swiss Re Corporate Solutions as we look to move to the exciting next stage of growth for EPU. Our exclusive arrangements with these leading markets gives us the ability to write line sizes in excess of £300m.
EPU have a great track record of giving our broker partners and their clients an edge in the market. Our experience and connectivity, backed by this new first class capacity, gives a guarantee of service excellence, expertise and significant capacity for major property risks."
Richard Taylor, Managing Director of HDI-Gerling UK, explained: "Our relationship with EPU has created a fantastic opportunity for HDI-Gerling to enter the Property Owners sector.
When forming our partnership, it was important for HDI-Gerling to work with a team that mirror our core underwriting values and has a proven track record in this market."
He added: “EPU has managed and developed a profitable portfolio for the last 15 years. They have a professional and experienced team which together with our significant capacity, excellent security and extensive global network will enable us to take advantage of the business opportunities both here in the UK and throughout Europe."
Marc Davis, Country Manager UK & Ireland of Swiss Re Corporate Solutions, commented: "We are delighted to support EPU's growth aspirations by providing high quality capacity. EPU's strengths reflect and complement our own, demonstrating the same deep sector expertise and professionalism that is at the centre of our own values. Putting customers at the centre of our thinking is of utmost importance to our firm and in EPU we have found an innovative and responsive counterpart who believes, like us, in working smarter together with clients."
David Margrett, Chief Executive of Global Risk Partners, said: “I am delighted that EPU has secured such excellent capacity, which will enable them to continue to deliver outstanding service to a wider audience of national and regional brokers and achieve their exciting growth plans."