Wrightway Underwriting Ltd was established in 1999 to provide the Irish broker with an alternative insurer for Private and Light Commercial motor. Coming from a strong underwriting background, personnel behind Wrightway were in a position to identify the market requirements. Over a very short time, the company grew from initially holding a binder with Highway of Lloyds at that time to having 14 binding authorities today. These providers include both London and Lloyd’s market with the first Lloyds binder commencing 1st August 2000. To date we currently have 7 different binders with Lloyds some of these with exclusivity into Ireland through Wrightway only. With these and our other providers, Wrightway now have almost 30 different products available to the Irish broker.
Due to its strong track record, Wrightway has become the largest underwriting agency in Ireland providing not only private and light commercial motor to their broker network but haulage, contractor all risks, carriers liability, home and commercial property insurance, liability, and employers and public liability.
Success can also be attributed to its high level of service Wrightway insist on implementing throughout the company. From day to day telephone contact with staff at the fore of the brokers, to individual broker visits, Wrightway has shown that maintaining a personal contact with the broker produces positive results. Wrightway invests time and effort into people and technology.
Provider relationships are most important. Product development and rating is researched within the market to ensure that a product is right for the market and pitched well. Once a product is up and running, Wrightway have the capacity to provide reporting data to actuarial level increasing the providers’ confidence in Wrightway and giving them the information to indicate how their product is performing in the Irish market. Wrightways relationship with Lloyds has been paramount to the success of Wrightway and to its future success as an underwriting agent.
In September 2007, Wrightway was acquired by Zurich as a going concern. Operating from their state of the art premises, overlooking Wexford and Rosslare Bay, they employ 40 personnel - their brief to the MD of Wrightway Underwriting Ltd, is the same as before - to continue to trade independently and develop their position within the insurance market using existing capital providers and to develop new niche products by providing them with distribution solutions and to continue to be the successful underwriting agency that they are today. In an ever changing industry, the company continually source new partners where they can add value to their distribution needs and to improve the choice of product for their brokers in the Irish market.