MGA NBS secures Hiscox capacity for UK homeowners expansion
By Ryan Hewlett
April 1 - (The Insurer) - MGA NBS Underwriting has strengthened its insurer panel with the addition of A-rated capacity from Hiscox Insurance, the UK retail arm of London-listed Hiscox.
The partnership, announced by NBS in a statement on Tuesday, will support the MGA’s strategy to broaden its reach in the non-standard household insurance market and to further expand its offering for brokers.
The new capacity is available on NBS’s non-standard household products, including home and contents plus, business home, and contents plus schemes.
“By partnering with Hiscox, NBS is now able to offer even more comprehensive and competitive solutions for its brokers,” the MGA said, adding that the capacity expansion has coincided with NBS enhancing its household products with improved policy wordings and a streamlined quotation process.
The new arrangement with Hiscox adds to NBS’s existing household capacity provided by Tokio Marine HCC.
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