24 February 2016
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 long-standing, 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.”
Launched in 1997 Towergate is the UK’s largest independently owned insurance intermediary.
Towergate is an important distribution channel for a significant range of insurance products and a key strategic partner for the UK’s largest insurers.
Towergate’s scale, customer insight and distribution relationships make it a unique business and a leader in the markets in which it operates. Its combination of distribution and underwriting gives it unparalleled consumer data and market insight.
Ageas UK is a leading provider of award-winning insurance solutions in the United Kingdom. It distributes Personal and Commercial products underwritten by Ageas Insurance Limited through brokers, intermediaries, affinity partners, the internet and through its own wholly or part-owned companies trading as Ageas Retail, which also distributes products of other providers. Ageas Retail’s brands include Castle Cover, Kwik Fit Insurance Services and RIAS. Ageas UK also holds a 50.1% share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers.
Insuring around seven million customers and working with a range of partners, Ageas UK is recognised for delivering consistent and high-quality customer experiences. It employs around 5,000 people with offices based across the UK.
Ageas is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a
Kelly-Ann Knight - Corporate Communications Director
Towergate Insurance Limited