DUAL UK’s specialist motor MGA KGM has renewed its long-term capacity deal with Zurich, taking gross written premium (GWP) to more than £2 billion over the next five years.
This additional commitment builds on the previous agreement reached in 2022, taking the duration of the partnership to nine years. This update is in line with MGA’s ambitious long-term growth plans, reinforces both organizations’ commitment to sustainable growth and brings certainty to brokers about KGM’s proposition.
MGA explained that the long-term nature of this renewal provides strong stability while providing the broker with further confidence in KGM’s proposition and growing interest.
KGM will have GWP revenue of approximately £298m in 2025 and plans to grow to over £500m by 2030, targeting growth across all mature business categories and working with brokers to explore new opportunities.
Ciaran Astin, Managing Director of KGM and Chief Personal Business Officer of DUAL UK, commented: “Building on our long-standing relationship with Zurich, this renewal is great news for our brokers and their clients, reflecting the strength of our proposition and the expertise of our team. The scale of Zurich’s commitment to KGM over almost a decade is testament to the continued success of our partnership.”
He continued: “Since the inception of the original transaction in 2022, Zurich has given strong support to our vision and is confident in our expert underwriting, extensive distribution network and high level of service, allowing our relationship to flourish. Zurich’s continued support gives us the confidence to accelerate investment in the long-term capabilities of the business, underpin our sustainable growth plans and ultimately benefit our brokers and clients.”
“KGM, which includes the Eridge and aurum brands, stands out in the market with a strong reputation and trust for being fast, friendly and flexible. Our award-winning specialist underwriting team adopts a tailor-made approach that is unanimously recognized by brokers.”
David Nichols, head of retail at Zurich, added: “We are delighted to have renewed our partnership with KGM for another five years. Our commitment to KGM is testament to our approach to building long-term partnerships through shared values. At Zurich, we continue to build strong partnerships, leveraging our expertise and KGM’s range of underwriting-led capabilities to deliver specialized products to meet the evolving needs of brokers and clients in non-standard individual product lines.”