Ensurance completes capacity deal with AXA

Specialty lines MGA Ensurance has announced a new capacity deal with AXA Insurance UK plc (“AXA”) for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main capacity provider, effective from 1 February 2021.

The deal provides ‘AA’ rated capacity to Ensurance

Announcing the new capacity provider, Ensurance Founder and CEO Tim James said: “This is a landmark deal for Ensurance. We have worked hard building our business over the past 3 years, growing our underwriting team, our range of products and reputation within the market. With AXA, we have a capacity partner who shares our ambition to take our business forward to the next phase of our journey.”

“Our brokers can be assured that this new arrangement maintains our position as a go to MGA for UK construction and engineering risk solutions, backed by exceptional rated capacity.”

As well as its core construction and engineering risks, Ensurance also provides products covering Engineering inspection, Cyber, Terrorism and Sabotage, and Active Assailant.

 ENDS