iprism Underwriting adds AmTrust to property owners’ panel line-up

New relationship to allow MGA to offer a "greater choice of rated insurers"

iprism Underwriting adds AmTrust to property owners’ panel line-up

Insurance News

By Lyle Adriano

London-based specialist managing general agent iprism Underwriting has announced that it has added the multinational P&C insurer AmTrust to its property owners’ panel.

The addition of AmTrust to the panel enables iprism to provide the brokers it works with a “greater choice of rated insurers, competitive pricing and a wider underwriting footprint for occupant types,” a company release said. The addition is also enhanced with a new approach to address mapping, which should encourage the adoption of e-trade while improving brokers’ responses to new quotes.

iprism also said that the addition of AmTrust is part of its push to strengthen its range of insurance solutions for property owners while giving brokers more choice.

“We’ve seen a significant increase in quotes on property owners’ products from brokers and have responded by building out our panel of insurers, ensuring that our brokers benefit from a greater choice of cover and more competitive pricing. Our years of expertise and in-house delegated authority means that we can quickly respond to brokers and find them the right cover at the right price,” said iprism CEO Ian Lloyd.

“We are committed to building our presence in the UK and see MGAs like iprism as an important route into that market.  iprism has a strong broker following and great distribution and we’re looking forward to building a strong, profitable partnership over the coming years,” added AmTrust property underwriting manager Hannah Connolly.

Last year, iprism launched a new unoccupied commercial & residential property owners policy, to meet the demand for coverage for vacant properties in the wake of the COVID-19 pandemic. The product offers coverage for a wide range of perils, such as fire, lightning, explosion, earthquake, and aircraft risks.

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