Unicorn secures paraphernalia underwriting agreement with Zurich

Unicorn Underwriting, which specialises in bloodstock, commercially release property and fraud insurance, has secured an agreement with Zurich Assurance to begin underwriting property investors’ business.

The firm forms divide of the THB group and its Property UK insurance was in days of yore underwritten on behalf of Zurich by the parent company’s jeopardy solutions unit.

The product has now been improved and transferred to Unicorn, along with deep underwriting authority.

Under the new arrangement, Jeff Gilbert has also transferred to Unicorn from THB Jeopardy Solutions, taking the post of designated underwriter alongside Unicorn’s managing administrator, James Truscott.

According to Unicorn, Property UK’s key benefits cover one of the widest wordings in the market for this transcribe of risk, plus generous commissions rates.

In addition there is a deftness to write three-year fixed-rate deals.

THB Risk Solutions says it intent continue to market Property UK on behalf of Unicorn.

The latter was it register up in January 2008, initially to take on the group’s existing bloodstock obligation but with plans to underwrite in excess of £15 million total written premium in its first year of trading.