Ageas and URIS enter new four-year partnership
2 Aug 2019
Ageas Insurance has signed a new four-year contract worth £200 million with URIS Group, part of The Ardonagh Group. The deal will see Ageas and URIS provide cover for a number of specialist personal and commercial lines risks in a wide range of niche trade sectors.
The new arrangement is a continuation of the long-term relationship already enjoyed by Ageas and URIS Group, while cementing Ageas’s position as one of Ardonagh’s most significant trading partners.
Commenting on the new deal, Ant Middle Ageas’s Chief Customer Officer said;
“We’ve been telling the market that we’re open to new opportunities to grow our broker distribution and this announcement is further evidence of that. The addition of the URIS portfolio plays to our specialist expertise, while further broadening our continued commitment to the broker market.”
Derek Coles, CEO URIS Group added;
“URIS Group prides itself on serving the specific insurance needs of niche customer communities and Ageas has proven over many years that they can provide us with the specialist expertise and service we are looking for. They have a refreshing trading mentality and I look forward to continuing our successful relationship for another four years.”
Ageas is one of the largest general insurers in the United Kingdom, providing insurance to around five million customers. It offers car and home, travel and small business insurance through brokers, affinity partners and its own brands. Customers are able to buy Ageas branded car and home insurance direct from ageas.co.uk. Ageas UK holds a majority share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers. Ageas is a wholly owned subsidiary of Ageas Group, which is listed on the Belgium stock exchange.
About Ardonagh Group
The Ardonagh Group is the UK’s largest independent insurance broker with global reach. We are a network of over 100 office locations and a workforce of nearly 7,000 people. Formed in 2017 and following a series of acquisitions in 2018, Ardonagh today brings together best-in-class brands including Autonet, Bishopsgate, Carole Nash, Geo Underwriting, Price Forbes, Swinton, Towergate and URIS. Our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver solutions that meet our customer needs.
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