Specialist personal lines managing general agent Uris Group has struck a £275m five-year capacity deal with long-standing partner Zurich as it targets growth in its property insurance portfolio, trading as Midas.
The new agreement, effective from 1 October, will provide capacity to underwrite up to £55m in premiums annually, giving the total of more than a quarter of billion pounds over the course of the agreement.
Midas manages a portfolio of non-standard products covering motor and predominantly property, it also has Axa, Aviva and TMK on its panel.
The MGA mainly focuses on non-standard household insurance in its property portfolio. This includes cover for risks such as non-standard construction
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