Geo Specialty is growing

Geo Specialty is growing

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News 28 Sep 2020

New business acquisition for Geo Underwriting

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Geo Underwriting Services Ltd. are delighted to announce the acquisition of the Marine, Leisure and Marine Trade book of business from KGM Underwriting Services, with effect from 1st November 2020.

This specialist team provides insurance solutions to brokers across the Marine and Leisure sectors and will be joining the MGA as part of our Geo Specialty division.

Nick Sharp, CCO at Geo Specialty, commented: "We are delighted to welcome the Marine, Leisure and Marine Trade team into the Geo Specialty group of businesses. They are a team of experts in their field and such an addition will only help us provide a more extended offering to our brokers and to strengthen our position in the market as a leading MGA. Geo already operate in specialist areas including Leisure and see the business as a natural fit. We are committed to building out our solutions and make it easy for brokers to access performant products in one MGA. Tony Harris and his team are bringing over 40 years of expertise in Marine and Leisure insurance and their deep understanding of these sectors will give brokers the reassurance of Geo’s performant products".

Tony Harris, Head of Marine and Leisure, added: "I am proud to say that the approach from Geo is a tribute to the hard work and dedication the team have put in at KGM since leaving Canopius in 2017. The KGM Marine, Leisure and Marine trade team have achieved considerable success over that period by strengthening the teams, utilising their Broker / customer friendly systems, working closely with insurers partners and maintaining strict underwriting disciplines. Each line of business has grown in a challenging market by providing the service our broker partners demand from underwriters, who understand their specialty. We look forward to continuing to serve our valued broker partners, whilst growing and expanding the business within the Geo Specialty group of businesses".

To find out more about Geo Underwriting and the some of the additional products and services we offer please visit www.geounderwriting.com.

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