Towergate and Ageas announce £300m Arista capacity arrangement

Towergate and Ageas announce £300m Arista capacity arrangement

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Towergate, Arista and Ageas have signed a major new strategic partnership which sees Ageas provide capacity for £60m each year for the next five years across Arista’s Commercial Motor, Property and Liability products. The deal also sees Ageas providing capacity for Towergate’s Holiday Homes portfolio.

Towergate and Ageas have a longstanding, strong track record of partnering together, with this underwriting deal complementing the insurer’s Broker Network, Footman James and AIUA relationships.

This latest Commercial insurance partnership extends Ageas’s innovative solutions and expertise reach even further, with Arista’s 400 independent brokers set to benefit from the new arrangement from 1 May 2016.

Group Carrier Relationship Director Derek Henry at Towergate Insurance said: “We are delighted that Ageas are partnering with us on Arista and Holiday Homes. In this tough market, Ageas’s backing is a terrific endorsement of our underwriting approach and expertise. We look forward to working with Ageas as we continue to deliver the best products and services for our broker partners.”

Ageas’s Broker Distribution Director Chris Dobson adds: “We’re proud to be working with Towergate once more in this part of the Commercial market. Arista is an established brand in the broker market and we’re excited about both the future of our partnership, and continuing to offer the right products, services and solutions to meet brokers’ needs.”