’The addition of its A-rated capacity and expertise allows us to provide brokers with robust cover options for their clients,’ says managing director
NBS Underwriting has expanded its insurer panel with A-rated capacity from Hiscox.
The new capacity is available on NBS Underwriting’s non-standard household products, including home and contents plus, business home and contents plus schemes.
The MGA has made the deal as it looks to expand its reach further in the non-standard household insurance market.
Steve Cowman, managing director at NBS Underwriting, said: “We are excited to welcome Hiscox to our insurer panel.
“The addition of its A-rated capacity and expertise allows us to provide brokers with robust cover options for their clients. We look forward to the opportunities this partnership will bring and the strengthened value it will provide to our brokers.”
’Significant benefits’
The deal comes following NBS Underwriting enhancing its household products with “improved policy wordings and a streamlined quotation process”.
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The MGA’s household products specifically target properties at risk of flooding, those with a history of subsidence and non-standard construction.
It felt the new arrangement with Hiscox complemented the existing household capacity provided by Tokio Marine HCC.
Lee Turner, national schemes sales manager at Hiscox, said: “We look forward to working with NBS Underwriting. They stood out as a partner for us due to our similar values and their strong ethos. We have been impressed with their consistent growth over the past years, which has been accompanied by excellent loss ratios.
“We are confident that this partnership will bring significant benefits to both companies.” end
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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