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Zurich agrees to Pacific Indemnity underwriting deal

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Zurich has agreed to provide a quarter of the capacity for Pacific Indemnity Underwriting Solutions’ professional indemnity policies.

The deal, which begins in December, follows Zurich’s agreement with Fusion M&A earlier this year to back its Warranty & Indemnity product across the Asia-Pacific region.

“The Australian general and professional liability markets are rapidly evolving,” said Robin Cooper-Driver, Head of Financial Lines & Casualty at Zurich Australia & New Zealand. “We are delighted to bring our insights and experience to our partnership with Pacific Indemnity.”

Zurich has provided full capacity for Pacific Indemnity’s general and public liability products since April.