Managing general agent KGM, which specialises in the motor market, has renewed its capacity deal with Zurich UK. Under the deal, KGM has secured in excess of £2bn in gross written premium for the next five years.

Last year, KGM achieved gross written premiums of just under £300m. It said it was aiming to increase this to £500m by 2030.

The deal builds on the existing relationship which began in January 2022 and was worth more than £700m in gross written premium. KGM was established in 1957. It works with more than 1,000 brokers and has approximately 500,000 policyholders.

In a statement announcing the deal, KGM said: “The agreement supports our strategy to invest in people and technology, maintain high service levels, and deliver flexible solutions for specialist motor needs.”