It’s hello to Tokio Marine Kiln and goodbye to QBE for Towergate MGA, Fusion.

The company has struck a £150 million capacity deal with Tokio Marine Kiln set to run for more than five years, beginning on January 01, 2017.

“Tokio Marine Kiln is a new trading partner, and it’s a great endorsement of Fusion’s value in the marketplace that they’ve chosen to work with us,” said chief executive of commercial lines underwriting David Bruce. “I’m delighted to be working with this insurer, whose backing provides A-rated paper for our broker partners.”

Fusion and sister brand Arista together write £300 million GWP in commercial lines with 500 brokers across the UK covering areas such as commercial packages, personal accident and travel, transit and cargo, property owners and financial lines. The deal with Tokio Marine Kiln also brings to an end its partnership with QBE.

Tokio Marine’s head of liability, Chris Jones, said: “Throughout this process we’ve been impressed with Fusion’s commitment to their broking partners and clients, we look forward to a productive five years working together.” 

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