QBE Europe has signed a contract with Arthur J. Gallagher & Co to underwrite its subsidiary, Risk Management Partners' (RMP) public sector business, effective from 01 July 2012.
According to sources, the agreement includes underwriting for all major classes of business, such as a range of public sector clients from district councils to large urban metropolitan boroughs and includes social housing, ambulance, fire and police exposures, with significant premium volume and market share.
Also included is property and liability business, alongside classes, including motor, officials indemnity, D&O, EIL, EAR, personal accident and fine art.
QBE UK & Ireland liability director Craig Bennett said: "QBE's ability to handle the diverse and complex risks involved once again demonstrates our entrepreneurial approach to business and our desire to work to find insurance and risk management solutions for their markets."
RMP's chairman Kaz Janowicz said: "Their underwriting expertise across the wide-range of classes, backed by their A+ security, will enable us to continue to serve the needs of local authorities across the UK and build a strong proposition for the public sector market."
QBE is a specialist business insurer and operates in all of the major insurance centers throughout Europe.
