LV= Broker has joined Towergate Underwriting’s home syndicate alongside Allianz.
The agreement will run for an initial term of five years.
LV= Broker will provide capacity for Towergate Underwriting’s standard home risks. During the five years, the deal is expected to be worth over £110 million in GWP.
LV= has worked with Towergate on personal lines private car, specialist and van since 2008 and this new deal serves to further strengthen the two companies’ relationship.
Michael Lawrence, personal lines director at LV= Broker, said: “We’re delighted to be recognised by Towergate for our expertise in home insurance and we’re proud to support them alongside Allianz.
“Home is an area in which we see significant growth opportunities and this is a further step towards achieving our ambitions.”
Clive Nathan, CEO of Towergate Underwriting, added: “This long-term commitment to our relationship with LV= Broker is testament to a mutual determination in providing reassuring quality and quantity of home insurance products to brokers.
“In this competitive market, we will work with both LV= Broker and Allianz to lead in both customer service and risk advice. We are once again delighted to announce further collaboration with a key partner insurer.”