After Markerstudy took the decision to withdraw its capacity for managing general agents, fears swirled about the future of those involved.
However, one of those companies affected is insisting it has already bounced back.
Century Underwriting referred to Markerstudy as its main capacity partner but the Gibraltar-based insurer took the decision to withdraw capacity fearing a potential conflict in interest as it looks to expand on its motor fleet capacity, currently at around £40 million a year.
For its part, however, Century says that new deals are already in place with insurers – and that it will expand on its business as a result.
In a statement issued earlier today, the company commented that new deals came into effect on January 01. Here is the statement in full.
“Century Underwriting are pleased to announce the expansion of its motor fleet offering with the addition of new insurer partners.
“With effect from 1st January 2017 these strategic partnerships will broaden our appetite to include haulage, courier, self-drive hire, own goods and private hire risks.
“Our motor team led by Ian White are looking forward to a busy start to 2017.”
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