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Investing.com -- Specialist Risk Group’s underwriting pillar MX has secured a multiyear delegated distribution agreement with London-listed Aviva to support Trilogy Underwriting.
SRG acquired property and casualty-focused MGA Trilogy Underwriting in August 2024. MX has also added several other companies including Tristar Special Risks, MPLC, CLS Risk Solutions, Blackrock Insurance Solutions and GB Underwriting.
The capacity agreement with Aviva is projected to generate more than £100 million ($133.2 million) in gross written premium. This deal will enhance MX’s London market capability and accelerate its growth ambitions across the UK.
MX now offers small and medium enterprise (SME) and mid-market solutions to broker partners throughout the UK, building on its growing UK and Ireland property and casualty footprint.
"The Aviva capacity significantly bolsters MX’s London market offering, ensuring stability and scalability while enabling the business to pursue growth opportunities with continued underwriting integrity and consistency," SRG and MX said in a statement.
MX plans to engage with its broker network in the coming days to outline how the new capacity enhances products, service and outcomes for stakeholders.
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