Underwriting agency Ensurance Australia today announced a “significant partnership” with Liberty Specialty Markets.

The three-year agreement for delegated underwriting authority, effective March 16, sees Liberty provide capacity for Ensurance’s current professional risks portfolio, as well as additional capacity to enable growth via new products.

Ensurance says Liberty, which operates as a branch of its US parent “provides for the strength of a global company combined with the safety of Australian Prudential Regulation”.

“This is a transformational moment for our Australian division,” CEO Tom Kent said.

“The signing of this contract forges a path for long-term mutually beneficial growth with improved margins and increased capacity.

“Securing such a high calibre relationship in these uncertain times is a very positive result for the company. We are excited to bring the global strength of Liberty to our local client base.”