11 November 2016
Fusion is delighted to announce the agreement of a £150m capacity deal with Tokio Marine Kiln to run over five years.
The arrangement commences on 1 January 2017 and covers all liability products.
Chief Executive of Commercial Lines Underwriting David Bruce said: "Tokio Marine Kiln is a new trading partner, and it’s a great endorsement of Fusion’s value in the marketplace that they’ve chosen to work with us. I’m delighted to be working with this insurer, whose backing provides A-rated paper for our broker partners."
Tokio Marine’s Head of Liability, Chris Jones, said: "Throughout this process we’ve been impressed with Fusion’s commitment to their broking partners and clients, we look forward to a productive five years working together."
Fusion and sister brand Arista together write £300m GWP in commercial lines with 500 carefully selected brokers across the UK.
Its appetite and risk solutions span commercial combined, engineering, liability and construction, motor fleet, motor trade, personal accident and travel, commercial packages, property owners, transit and cargo and financial lines.
Kelly-Ann Knight - Corporate Communications Director
Towergate Insurance Limited