Victor seals Ageas capacity deal

Managing general agent, Victor Insurance UK has secured a five-year capacity deal with Ageas worth up to £60m in gross written premium.

Under the agreement, Ageas will provide capacity across several Victor Insurance product lines including those within agriculture and the third sector. Ageas already works with Victor on its contractors’ insurance products.

Victor Insurance was created in 2018 following a rebrand of Bluefin Underwriting and is now owned by Marsh. It specialises in agriculture, third sector, financial lines, SME and transportation risks.

Mark Auchterlonie, director of distribution at Ageas UK, commented: We’ve been telling the market that we’re open to new opportunities to grow our commercial portfolio and this agreement is further evidence of that.”

John Stephenson, country manager for Victor Insurance UK, added: “We have had a longstanding relationship with Ageas, an insurer that has a keen understanding of Victor’s business model. This new arrangement provides strong financial security and long-term stability to our brokers in a period of market uncertainty, as we look to meet Victor’s ambitious growth plans.”

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