360 Underwriting Solutions is delighted to announce that it has acquired a 50% stake in the online insurance solutions specialist eSentry.
eSentry is an exciting and innovative online insurance underwriting agency offering a cutting edge and savvy solution that has been specifically designed with the insurance broker in mind.
“We have been watching 360’s progress for some time and believe their distribution reach and market expertise can only enhance the broker-centric technology solution that we have built. It feels like the perfect partnership to allow us to fully realise the vision and dreams that I have for eSentry.” said Adrian Martin the Managing Director of eSentry.
The new agency will continue to trade as eSentry and will offer Annual and Single Construction products, residential owner builders and have the experience and security of QBE backing the new venture.
Co-founder and 360 Director Denis Morrissey added; “Having QBE support our new construction venture reflects the capability we are building at 360 and the confidence we have been able to establish with all of our capacity providers. The eSentry online solution for small to medium construction risks was particularly attractive to us and immediately delivers a foundation to build this business into the future.”
Chief Customer Officer, Commercial Lines at QBE Australia Pacific, Jason Clarke, said: “The eSentry platform provides an efficient end-to-end business solution for brokers in the construction risk space. At QBE we are committed to exploring both in-house and outsourced opportunities to meet our broker and customer expectations.”
The new venture will commence trading for new business and renewals effective 1 August 2019.
An announcement regarding a new partner for the 360 and eSentry Plant & Equipment business will be announced in the coming days.
CLICK HERE to visit the eSentry website for further product details