MMA to Write Commercial Lines via Broker Network Trading Room

As of April 1st members of Broker Network (BN) will be able to trade with commercial insurer MMA Insurance plc via BN’s Network Trading Room.

MMA plc is a wholly owned subsidiary of French multi-national insurer, MMA IARD Assurances Mutuelles.

“BN asked MMA to join the Network Trading Room following a recent survey of its Members which named MMA as one of the insurers brokers asked to be included in the facility,” the group’s bulletin explained

MMA underwriters will be available in the Network Trading Room to “write new bespoke SME risks. The move builds on the strong relationships MMA has been developing with BN brokers over the last three years through MMA’s regional offices.”

MMA’s Underwriting Director Commercial Paul Hodgson commented: “We’re thrilled to have been asked by BN to join their Network Trading Room. This is a great opportunity for us to build stronger relationships with BN Members and will result in a considerable increase in the volume of business we’re writing. It also gives us a chance to show what we can do in contrast to some of our larger competitors.

“Broker Network set up its Trading Room because many of its Members didn’t feel they were getting the service they deserved from the larger commercial players. We believe our commitment to high quality locally-based underwriting combined with our appetite for new commercial business will prove a great proposition for BN Members.”

Managing Director of Broker Network, Nick Houghton added: “The Network Trading Room has proved to be a huge success amongst our Members as it provides timely, reliable underwriting from a panel of reputable carriers. MMA will fit perfectly into the ethos of the room, with their “can do” approach to writing business and a willingness to trade efficiently with our growing Membership.”

Source: Broker Network

Topics Agencies Commercial Lines Business Insurance