Managing general agent Iprism, which focuses on the construction, property and high net worth sectors, has penned a new multi-year capacity agreement with insurer Zurich for its property owners and commercial combined products. The deal extends the existing arrangement in which Zurich provides capacity for Iprism’s trades and professions, and retail package products.

Ian Lloyd (pictured), CEO of Iprism, said: “This is an exciting long-term partnership for Iprism. Broadening our relationship with Zurich brings the kind of financial strength and stability we look for in our capacity partners. As an independently owned MGA, we offer our brokers an attractive combination of quality markets in which to place their commercial business, with in house underwriting authority and expertise.”

David Nichols, head of retail at Zurich UK, added: “Iprism has built a strong reputation for choice, underwriting acumen and profitability. We’re confident that they will continue to deliver strong results and the kind of underwriting discipline and risk selection we expect from our partners.”