Broker network Movo Partnership has taken in CNA as a capacity provider in a signed agency deal.
Backed by more than 120 years of experience, CNA is one of the largest US commercial property and casualty insurance companies, with an ‘A’ Excellent rating by AM Best.
CNA is the latest addition to Movo’s fast-growing panel of 300 complementary insurer agencies, including Travelers, Aviva, AXA, Zurich, Hiscox, RSA and AIG. Through the deal, Movo’s 60 AR broker members will gain access to CNA’s products via Acturis as part of the arrangement.
Lea Cheesbrough, managing director of Movo, said the agency deal is a “real vote of confidence” in the broker network amid the current hard market. Since its launch in 2019, the broker network has exceeded its targets with writing in excess of £55 million in gross written premium.
“We are delighted to add CNA to the roster of insurers that support our network,” Cheesbrough said. “At Movo, all broking is done directly between our members and underwriters. No-one knows the risks like the client-facing broker. Insurers benefit by understanding the risk better and being more in control, while our brokers enjoy better terms. We welcome CNA to the network and look forward to developing a long and fruitful close working relationship with them.”