Taurus Insurance Extends Underwriting Agreement With ERGO
Taurus Insurance, which owns and manages some of the UK’s biggest phone and gadget insurance brands, has placed its entire underwriting portfolio with ERGO.
The Gibraltar based intermediary’s partnership with ERGO began in August 2019 when the underwriter, which is part of Munich Re, supported its move into other insurance lines.
This new agreement sees ERGO underwrite the company’s gadget insurance account, which not only incorporates Taurus’s own brands – Switched On Insurance, Swipe and Trusted Insurances – but also that of its many affinity partnerships.
James Cottrell, managing director of Taurus Insurance, said: “As a tech-driven, customer centric business, we needed an underwriting partner who would support us in our innovative, agile approach so that we can continue to drive change to ensure our brands lead the market in offering superior cover, exceptional service, great pricing and a quick and easy claims experience.
“Having been highly impressed with the relationship we’ve built to date, it made total sense for ERGO to support us with our wider gadget provision. Not only will this help us to streamline contact and activity, we believe ERGO’s philosophy and forward thinking style will prove invaluable in enabling us to achieve our growth ambitions over the next 12 months, including moving into new product lines and expanding into new territories.”
Ryan Fuller, Head of Commercial at ERGOTIS, said: We are always excited to start new relationships and we knew with Taurus Insurance we had a partnership with great potential. We are agile in approach to our brokers and we have worked collaboratively to support them in building out an exciting multi-line insurance proposition for the benefit of their customers.
“Since 2019 our relationship has grown from strength to strength and we are proud of our mutual achievements to date. With our established brand giving stability and reassurance in these uncertain times we hope to support Taurus Insurance customers for many years to come.”
About Taurus Insurance:
Established since 2003, Gibraltar based Taurus Insurance Services is a leading provider of phone, gadget, and lifestyle insurance. With a proven track record of delivering exceptional solutions to both consumers and partners Taurus remains a 100% privately owned business.
ERGO Travel Insurance Services Ltd (ERGOTIS) are part of ERGO who are an established insurer with over 110 years’ experience and are internationally recognised within a group of brands headed up by the Munich Re Group. The Munich Re Group is headquartered in Germany with subsidiaries and branches in 17 countries and co-operations in a further 15 countries. The overarching ethos of the Munich Re group is a philosophy that focuses on customers’ concerns and needs. By communicating clearly and providing innovative and swift support to our clients we aim to foster trust in our brand and the insurance industry.