MGA Ensurance, London’s specialty line Company has replaced Swiss Re with AXA and has completed the deal for its various products like constructions and engineering.
The capacity level of AXA and Ensurance has not been disclosed yet but this could be the landmark deal for Ensurance. As per the Press Release of the deal by Ensurance, Tim James, CEO of Ensurance said that:
“This is a landmark deal for Ensurance. We have worked hard building our business over the past 3 years, growing our underwriting team, our range of products, and our reputation within the market. With AXA, we have a capacity partner who shares our ambition to take our business forward to the next phase of our journey,”.
“Our brokers can be assured that this new arrangement maintains our position as a go-to MGA for UK construction and engineering risk solutions, backed by exceptional rated capacity,” he added.
About Ensurance, UK
As per the Official Website of Ensurance, it is a team of experienced and well-respected underwriters and insurance professionals who are committed to offering an excellent level of service to increase the profile of both parties.
The Ensurance deals in various segments like:
Contractors All Risk
It has been designed to cater for Construction, Erection, and installation on a project basis and AMC.
Insurance for Construction Solutions
Ensurance’s Growth in the past years
Last year it was calculated by SimplyWall that the Earning Per Share has grown by 72% and the total revenue growth was 53$ over the last few years. Shareholders must know that the growth of the company is very good and it’s getting stronger day by day.
In Summery we can say that for share holders it was quite upsetting last year, But after this deal, we can say that it would be profitable for them to invest in the company, as the shares may increase in upcoming years.
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