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Axis Insurance strikes deal with MGU Petplan

Professional veterinary examination of a dogs teeth. Pet health.

Axis Insurance’s accident and health (A&H) unit has entered a partnership with MGU Petplan to provide capacity for pet insurance policies for dogs and cats in the US and Canada.

Petplan is the fourth largest MGU in the US and Canada dedicated to pet insurance, covering more than 280,000 pets.

The deal comes after a marked uptick in pet insurance premiums over the past year driven by the pandemic puppy craze, although the potential for growth in the under-penetrated market is far larger.

Axis Insurance global head of A&H James Hamilton said: “Our relationship with Petplan is an exciting way for us to enter the North American pet insurance marketplace and an area of insurance that complements our existing global A&H portfolio.”

Petplan president and CEO Paul Guyardo said: “For over 15 years, our passion at Petplan has been helping pets live long, vibrant lives.

“Given our growth over the last few years, expanding our underwriting capabilities with a partner like Axis Insurance makes sense.

“Together, we look forward to bringing our industry-leading coverage to even more pet parents across North America.”

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