Gresham Underwriting and Covéa enter new capacity partnership

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The MGA is also seeking long-term partnerships with insurers in a bid to grow

Kent-based MGA Gresham Underwriting has entered into a new capacity partnership agreement with Covéa Insurance.

This will see Covéa provide capacity for retail shops and salons under Covéa policy wording, with immediate effect for a three-year period. This means that the customer will be buying a Gresham Underwriting policy with Covéa’s wording.

Gresham chief underwriting officer Rob Munden said: “We are delighted to be partnering with another quality A-rated insurer. In our dealings so far, Covéa has already proved to be a fantastic partner and we are excited about starting a long-term partnership with them, with the retail and salons product hopefully just the first of many. Gresham seeks long-term partnerships with quality insurers to allow mutual growth and success, and this partnership meets all of those requirements.”

Core values

Meanwhile, Carolyn Callan, commercial lines director, at Covéa Insurance added: “We are thrilled to be entering into this new partnership with Gresham Underwriting. We share the same core values of delivering an excellent customer experience and putting customers at the heart of all we do.

“I see this new opportunity as a key foothold in the first stage of our exciting journey with Gresham Underwriting.”

Gresham Underwriting is wholly owned by Tasker Insurance Group, an insurance intermediary that also consists of Lloyd’s Broker Tasker & Partners and retail specialist Tasker Insurance Brokers.. It specialises in a range of standard and non-standard products that are available online or via its in-house underwriters.