Zurich UK has signed a five-year deal with specialist and niche motor insurer KGM Underwriting, which is part of the A-Plan/Howden Group. The deal secures Zurich’s solus capacity for KGM’s motor portfolio and the arrangement, which begins in January 2022, is worth over £700m of gross written premium.

Dave Martin, head of retail at Zurich, said: “We are delighted to announce our new partnership with KGM. This deal aligns to our wider Retail growth strategy by combining the financial strength, expertise and brand of Zurich with the technical knowledge and distribution reach of a specialist underwriter and strategic broker partner.

“Our partnership with KGM leverages their long-established reputation and expertise in specialist sectors which provides strategic diversification to our personal lines portfolio.”

Matt Puttick, CEO of KGM Underwriting, added: “This partnership is great news for our brokers, customers and team, we are really looking forward to working with such a well-respected insurance brand and team who share our ambitions.

“Zurich has backed our expertise with a five-year partnership which provides KGM security of capacity that enables us to continue to invest in the long-term capability of the business to deliver our sustainable growth plans.”

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