Fusion Announce New Insurer Consortium
Fusion, part of Towergate Underwriting, today announces the new
consortium of insurers to support its SME business.
The new consortium is led by Allianz who are joined by RSA, NIG,
Equity and Fortis to support Fusion's growing book of SME business.
The consortium will initially run for three years.
A new management team drawn from the existing experienced Fusion
team has also been established to provide a clear strategic
direction for the business. Led by Scott Brown, previously
Executive Manager for the Fusion Bristol office, the new team is
committed to working smarter for brokers whilst remaining
absolutely committed to the regional model and the Fusion
CEO of Towergate Underwriting Clive Nathan said, "This was a
competitive process involving most of the top ten insurers who were
all keen to support the business. The new team has exciting plans
to develop ways of providing brokers with innovative insurance
solutions combined with first class expertise, and service, and we
look forward to continuing to develop our extensive portfolio in
what is a challenging but exciting marketplace."
Chris Hanks, General Manager Allianz Commercial said, "I am
extremely pleased that Allianz has gained the lead Insurer position
for the SME and standard commercial business. Working with the
Towergate and Fusion teams and using our strong technical
capabilities and updated financial arrangements will enable this
important business to grow profitably".
Andrew Burke, Strategic Partnerships Director, RSA said "We can
confirm that we will be supporting Fusion and look forward to
working with their new management team. We are confident that the
partnership will deliver a compelling proposition for customers as
well as strong returns for both RSA and Fusion".
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