Harrogate-based agricultural MGA Rural Insurance announced a new long-term capacity deal with Zurich.
The five-year capacity tie up worth £41m will see Zurich providing capacity for Rural’s farm, farm motor, rural business motor, livestock and hailstorm products from 1 November.
Zurich replaces XL Catlin as Rural’s primary capacity provider.
The new deal does not change existing capacity arrangements for Rural’s renewable energy, motor breakdown, and agricultural contractors liability products.
“This new arrangement brings Rural a partner with more than 30 years’ experience in farming, an international footprint and an underwriting appetite that will enable Rural to advance its ambitions for the ever-diversifying farming sector,” said Rural’s underwriting and technical director, David Cahoon.
Connor Brennan, head of retail general insurance at Zurich Insurance said: “To further build lasting relationships in the farming industry is not only exciting but vital to our businesses and we look forward to the next five years of exploring new opportunities in the sector.”
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