Unicorn secures property underwriting agreement with Zurich
Unicorn Underwriting, which specialises in bloodstock, commercially let property and fraud insurance, has secured an agreement with Zurich Insurance to begin underwriting property investors’ business.
The firm forms part of the THB group and its Property UK insurance was previously underwritten on behalf of Zurich by the parent company’s risk solutions unit.
The product has now been improved and transferred to Unicorn, along with full underwriting authority.
Under the new arrangement, Jeff Gilbert has also transferred to Unicorn from THB Risk Solutions, taking the post of designated underwriter alongside Unicorn’s managing director, James Truscott.
According to Unicorn, Property UK’s key benefits include one of the widest wordings in the market for this type of risk, plus generous commissions rates.
In addition there is a facility to write three-year fixed-rate deals.
THB Risk Solutions says it will continue to market Property UK on behalf of Unicorn.
The latter was it set up in January 2008, initially to take on the group’s existing bloodstock business but with plans to underwrite in excess of £15 million gross written premium in its first year of trading.
Category: Business Insurance News, Companies News, Insurance News, Zurich News
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