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press release – GRESHAM ANNOUNCE 3 YEAR PARTNERSHIP WITH AXA FOR £20 MILLION CAPACITY
March 17, 2018

Gresham Underwriting Limited (GUL) –  Managing General Agent (MGA) of the Tasker Insurance Group (TIG)  – is delighted to announce a partnership agreement with AXA Insurance who are providing an initial 3 year £20M of capacity.

The agreement will not only see AXA provide support on existing GUL product lines but will also see the MGA distribute new AXA backed products via their online Instant Quotes broker platform. The first of these is due to be delivered within the next 3 months and will add to the suite of 18 products already offered to Gresham’s growing broker base.

Commenting on the agreement, Gresham Chief Underwriting Officer, Rob Munden said “This is an exciting time for us at Gresham as we look to rapidly move the business forward. To have the support of a partner of AXA’s standing helps this process greatly. Having a carrier portfolio of the existing Lloyd’s syndicates alongside company market capacity – all minimum A-rated in line with company strategy – provides us with an excellent platform for growth. We are delighted to be partnering with AXA as we move to the next stage of our evolution.”

GUL recently grew their product development team with the appointment of Product Manager Neil Thunstrom. The new capacity places Gresham in a dynamic position as it creates bespoke products for a growing market.

Robert Organ, CEO of TIG commented “The combination of Gresham’s extensive product range and recognised 5 star instant quote underwriting platform together with AXA’s significant financial strength and outstanding claims service is great news for our broking partners and their clients.”

 

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