360 Underwriting Solutions has bought a 50% stake in eSentry, a specialist underwriting agency that provides an efficient end-to-end business solution for brokers in the construction risk space.
The new venture, backed by QBE, will continue to trade as eSentry, and will offer annual and single construction products for residential owner builders.
“We have been watching 360’s progress for some time and believe their distribution reach and market expertise can only enhance the broker-centric technology solution that we have built,” said Adrian Martin, managing director at eSentry.
“Having QBE support our new construction venture reflects the capability we are building at 360 and the confidence we have been able to establish with all of our capacity providers,” said Denis Morrissey, co-founder and 360 director. “The eSentry online solution for small to medium construction risks was particularly attractive to us and immediately delivers a foundation to build this business into the future.”
360 Underwriting said it will soon announce the new partner for the 360 and eSentry plant and equipment business.