Insurance Age

Fusion Insurance announces major increase in capacity

Fusion Insurance has announced a major increase in its capacity for 2004. The virtual insurer now has a gross written premium capacity in excess of £130m in place at Lloyd's - over 40% up on the level of premium written in 2003. Kevin Pallett, Fusion's managing director, said: "We will be able to offer our brokers even greater flexibility in 2004 by providing tailor-made risk management and insurance solutions to meet their clients' needs. This increase in capacity is the best endorsement of