The Geo journey has begun.
An exciting future lies ahead as our Towergate businesses move over to Geo. From 1 February 2018, our personal lines business joins Geo Specialty in operating under the Geo brand. The move marks the next step in a programme of change as we transform into an agile MGA structured for long term success in an evolving insurance market.
Our commercial businesses will soon also move over to Geo, completing the operational phase of the transition. But that’s by no means the end of it. We’re on a journey to make a difference. To carriers. To brokers. To the industry as a whole. Geo is the start of that journey.
We look forward to sharing it with you.
Towergate extends farm partnership with AXA
Specialist farm managing general agent AIUA today announces a multi-million pound extension of its capacity arrangement with AXA.
AXA has provided A-rated paper for AIUA products for five years and the partnership has been extended for another five years with AXA now the MGA’s main capacity provider.
The arrangement includes agricultural motor and farm combined products, takes effect this month.
AIUA managing director Andrew Bell said: “I’m delighted to extend our partnership with AXA. This will provide our brokers with improved underwriting flexibility and new products, backed by secure A-rated capacity.”
Jon Walker, managing director of Commercial Intermediary at AXA, said: “This is a significant deal and I am delighted that we can support brokers by providing protection to more of the UK’s farms and agricultural businesses.”
Towergate is the largest agricultural insurer in the intermediated market with products distributed through 980 brokers.
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