Mitsui strikes deal with Australian underwriter

Binding authority agreement struck between firms as underwriter looks to expand its offering

Mitsui strikes deal with Australian underwriter

Insurance News

By Jordan Lynn

Community Underwriting has announced that it has entered into a binding authority agreement with Mitsui Sumitomo Insurance (MSI).

The agreement will enable Community to continue to expand its offering to not for profit clients and brokers, the firm said.

The deal will see MSI become the security for the underwriting agency’s ISR, business package and accident & health products from July 01, 2017, as the Japanese giant became the security for Community’s motor product on May 23.

Berkley Insurance Australia will remain as the security for the specialist’s not for profit association liability and general liability products.

MSI is part of the global MS & AD Insurance Group, which operates in 46 countries around the world and also owns the second largest syndicate at Lloyd’s, MS Amlin.

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