Brightside increases underwriting capacity

AIM-listed Brightside, a specialist insurance broker, has launched a new underwriting facility with Markerstudy, the Gibralter-based insurance group.

AIM-listed Brightside, a specialist insurance broker, has launched a new underwriting facility with Markerstudy, the Gibralter-based insurance group.

Under the terms of the agreement, Brightside has been granted delegated authority to determine premium pricing and to bind Markerstudy for up to £80m of premium, which will be written through the eCar platform. Subject to the results of this initial agreement, the board anticipates that additional agreements will follow, which is expected to further boost the capacity available.

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