Managing general agent Spring Insure has secured A-rated capacity from Bridgehaven Specialty UK to sit alongside its existing backers as it targets expansion.
The financial and professional lines MGA is aiming for a 50% uplift in annual premium written across the business in the first year of the relationship.
Last year Spring CEO Tristan Sargeaunt told Insurance Age it was planning to at least double its £30m gross written premiums by 2026.
The deal with hybrid fronting insurer Bridgehaven covers Spring’s entire product portfolio across financial institutions, commercial professional indemnity, and commercial directors’ & officers’.
According to the MGA
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk