Ensurance UK launches Inspection and Insurance cover

10 July 2018Ensurance UK Limited (Ensurance), the niche construction and engineering MGA and Lloyd’s Coverholder, has launched Engineering Inspection and Insurance cover through a strategic partnership with British Engineering Services.

The product adds to Ensurance’s existing portfolio for the construction and engineering sectors and will provide a package solution for Sudden and Unforeseen Damage cover as well as delivery of statutory examinations assisting with compliance of relevant health and safety legislation, via access to over 450 Engineer Surveyors and supported by an interactive customer-facing e-reporting system.

Commenting on the launch, Ensurance UK CEO, Tim James said: “With our Engineering Inspection and Insurance product, we’re creating a one-stop-shop to reduce risk and ensure compliance for those in the construction and engineering sectors.

By working with British Engineering Services, we are able to provide specialist services delivered through qualified Engineer Surveyors and Consultant Engineers that meets a crucial need of our brokers in the market.”

British Engineering Services’ Group CEO, Stewart Kay said: “British Engineering Services is delighted to be working alongside Ensurance to offer a suite of industry-leading testing, inspections and certification propositions provided by our highly skilled team of technical experts, spread across the whole of the UK. Ensurance’s forward thinking, customer focused approach and in-depth market knowledge mirrors our priorities as a business, making them an obvious partner for our growing company.”

 

ENDS

 

For more information, contact:

Matt Beasley: mbeasley@fullcirclecomms.co.uk, 020 7265 7887

Alex Wise: awise@fullcirclecomms.co.uk, 020 7265 7887

 

Notes to Editors:

 

About Ensurance UK:

Ensurance UK is an independent and service-driven MGA, delivering underwriting expertise and specialist insurance solutions for the Construction and Engineering sectors, dealing directly with brokers and insurers in the UK and across Europe. Building on decades of experience within its UK-based executive team, Ensurance UK launched in 2017 as a wholly-owned subsidiary of Australian-based industry disruptor, Ensurance Ltd.

https://www.ensuranceuk.com/

 

About British Engineering Services:

British Engineering Services has come a long way in over 150 years when their ancestors took the first steps in engineering inspection. Since those early days, they have been through many transformations. Until recently, their business was part of RSA, one of the world’s leading insurance groups and a FTSE100 company. In 2015 they became established once more as an independent and privately-owned company.

Today, they employ highly trained and qualified Engineer Surveyors and Consultant Engineers. Their customers benefit from state-of-the-art technology and excellent online reporting systems that can deliver information quickly and efficiently. They increase plant & equipment safety and longevity through expertise in engineering compliance.

They have extensive accreditations help at every stage of an item’s lifecycle, with a range of engineering testing, inspection and certification services.

https://www.britishengineeringservices.co.uk/

Brokerslink strengthens global broking operational capabilities

2 July 2018 – Global Broking Company, Brokerslink AG has, today, announced the appointment of Anne Collette as Director of Business Operations to spearhead the continuing development of its global broking capabilities and network.

In this newly created role, Anne will be responsible for Brokerslink’s business operations globally including the management and co-ordination of its global network of partners and affiliates, working collaboratively with them to support growth and the development of new products and services offerings. Anne will be based in Brokerslink’s office in Porto, Portugal.

Brokerslink provides multinational clients and insurance markets with access to the expertise, services, and reach of large international brokers but with the specific benefits of embedded local knowledge and relationships that the network spanning 100 countries can provide.

Jacqueline Legrand, Chief Executive Officer of Brokerslink, said: “Anne’s appointment marks another important milestone in our continuing growth. Her knowledge and experience in developing international broking business is of significant importance to our strategy of building and enhancing the network and service offering.

“We want to provide our network with dedicated product offerings, services and right technology tools to enable them to be more competitive in their respective markets and build our global capabilities. We will continue to invest in building a strong international team to support these developments and further strengthen our truly global broking business.”

Anne Collette said: “Brokerslink offer a powerful alternative to the large international brokers. The combination of a global footprint, dedicated products and services and access to local knowledge and insurance and risk expertise enables Brokerslink to effectively service multinational and complex organisations around the globe.

“I am very exciting to be joining the organisation at such an important time in its development and look forward to working with the partners, affiliates and insurer partners around the world to strengthen our global presence and continue to identify add new services and solutions to meet their needs.”

Anne Collette brings Brokerslink strong multinational insurance and reinsurance brokerage experience from a 15-year career. She joins from French specialist commercial insurance broker, Axelliance Group where she was responsible for business development of larger accounts. Anne has extensive commercial business development and account management experience including with specialist corporate insurance broker Verlingue in Southern France.  She began her insurance career with Aon as a reinsurance broker placing US natural catastrophe risks into the European reinsurance market. She also spent a number of years working for EU Agency, the European Training Foundation, managing the development of transnational projects across Europe, Asia, the Middle East and North Africa and has global account management experience with the Institute for Futures Studies, an independent research foundation.

 

ENDS

 

For further information, please contact: Full Circle Corporate Communications

Alex Wise

Tel:  +44 (0)20 7265 7887
Email awise@fullcirclecomms.co.uk

Matt Beasley:

Tel:  +44 (0)20 7265 7887
Email mbeasley@fullcirclecomms.co.uk

 

Notes to Editors

Brokerslink AG is a wholly independent business with a unique structure. Brokerslink combines a global broking company with a worldwide broking network. It provides its independent partners and affiliates in over 100 countries with professional, innovative risk management and insurance expertise, international market connections, and world-class consulting services.

Brokerslink and its shareholders own and manage a network of independent brokers and risk consultancies comprising about 10,000 professionals.

Incorporated in Switzerland, cross-shareholdings between Brokerslink and its partners make its combined value much greater than a loose association of independent firms. Shared equity among and between Brokerslink partners creates a unified purpose and vision which does not compromise the independence or local focus of each partner firm. Brokerslink currently has 55 independent shareholders from 40 countries on five continents.

A significant portion of Brokerslink’s clients are multinational or complex organisations seeking support in risk assessment, risk management, and the design and placement of cost-effective insurance solutions. Our unique offer is founded on Brokerslink’s comprehensive multi-local experience and leading-edge risk services, and our ability to deliver them anywhere in the world.

Additional information and news can be found at www.brokerslink.com, on Twitter and LinkedIn.

 

Castel appoints new independent Non-Executive Chairman

Bob Cowdell Castel May 2018 (2)

2 July 2018: Castel Underwriting Agencies Limited (Castel), the club-style MGA formation platform, has appointed Bob Cowdell as its first independent Non-Executive Chairman.

Cowdell is currently a Non-Executive Director (NED) at Castel, having joined the firm earlier this year. He holds a number of other NED roles, which have previously included roles at XL Catlin and he is also a former Managing Director and Head of Financials at RBS Hoare Govett.

The move is a further strengthening of the Castel board and governance, as it looks to expand both in the UK and European markets.

Last month, Castel opened its first European branch office in Amsterdam, with the aim of targeting European opportunities post-Brexit. The office will provide a platform to develop and launch specialty underwriting cells in Europe.

Cowdell assumes the role from Jon Godfray who has served as Chairman since Castel’s formation in 2013.

Castel’s CEO, Mark Birrell said: “Since joining Castel, Bob’s experience in driving successful growth has been very evident. His leadership in this arena comes at a crucial time as we start to expand our footprint in Europe.  I would like to thank Jon Godfray for his outstanding contribution to Castel. The business has grown significantly under his chairmanship, despite the challenges of prevailing markets.”

Bob Cowdell added: “Castel provides an environment for talented, entrepreneurial underwriters in specialty markets to build their own businesses.  The model is successful, and I look forward to the challenge of chairing the board and sharing my experience as we continue to build on our UK success and develop internationally.”

 

ENDS

 

For further information, please contact: Full Circle Communications

Alex Wise

Tel:  +44 (0)20 7265 7887
Email awise@fullcirclecomms.co.uk

 

Matt Beasley:

Tel:  +44 (0)20 7265 7887
Email mbeasley@fullcirclecomms.co.uk


Notes to editors

Castel

Castel Underwriting Agencies Limited, part of Barbican Insurance Group, is a managing general agent (MGA) and club-style MGA formation platform focused on achieving success and driving innovation through collaboration.  It provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their own businesses. London-based Castel has a branch office in Amsterdam. Castel is authorised and regulated by the Financial Conduct Authority. Learn more about Castel at www.castelmga.com.

Castel’s underwriting cells include:

  • Altitude Risk Partners, which underwrites airlines, aerospace manufacturing products, general aviation, war and space business.
  • Castel Specialty which supports talented and entrepreneurial individual underwriters who have smaller books of niche business including political risk, construction all risks and inherent defects insurance, M&A and tax warranty and indemnity covers and global property facultative reinsurance.
  • Medical & Commercial International (MCI) which underwrites general medical and pharmaceutical liability business on an international basis.
  • Newbridge Risk Partners which underwrites a political violence portfolio focused on emerging markets – MENA, Sub-Saharan Africa, Latin and South America and Asia regions.
  • Nirvana Risk Partners which underwrites media, technology and cyber liability risks for small and large enterprises on a global basis.
  • Vecta Risk Partners which underwrites specialist group and individual accident & health, travel and lifestyle coverages distributed through brokers and affinity e-trading platforms.
  • Verve Risk Partners which underwrites US professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers.
  • Weald Risk Partners which underwrites forestry and tree plantations globally, offering extensive technical expertise at a global level, including risk assessment and risk profiling, preparation of market presentations and programme design.
  • Yachtpod Risk Partners which underwrites specialist coverages including hull and machinery, increased value, war, medical expenses, mortgagee’s interest and loss of charter hire risks for superyacht owners, captains, and managers on a worldwide basis.

EPUL launches online terrorism cover in UK and Northern Ireland

11 June 2018 – Leading commercial property MGA, European Property Underwriting Limited (EPUL) has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an alternative to Pool Re.

EPUL’s stand-alone terrorism policy provides material damage and business interruption coverage for business and property investors’ risks. Insureds can select which properties they wish to cover. Policy loss limits are also available in return for a rating discount. Cover includes day-one inflation provisions and alternative residential accommodation free of charge. EPUL is offering a minimum premium of £25 compared to £100 under Pool Re.

EPUL brokers can use the MGA’s online quote and bind facility and have access to a “Quick Quote” service that enables them to obtain an indicative pricing using just a postcode and sums insured.

Andrew Whittaker, Managing Director of EPUL, said: “Facing an evolving and ever-present terrorism threat, it is perhaps the smaller businesses and property portfolios that potentially have most to lose in a terror attack. In recognising the need for the terrorism insurance market to respond to the requirements of these clients, we have employed the expertise and capabilities available within the Lloyd’s market to develop a responsive and cost-effective material damage and business interruption solution.”

The launch of the terrorism cover follows EPUL being granted Lloyd’s Coverholder status. Andrew Whittaker said: “This is an important development and enables EPUL to continue expanding the range of products we can offer beyond what is generally available in the composite property investors’ insurance market.”

EPUL includes this flexible terrorism solution for property investors in the UK within its “Omnibus” combined product and can also provide terrorism cover across Europe on a stand-alone basis.

 

ENDS

 

For media enquiries please contact:

Alex Wise, Director

Full Circle Communications

T : +44 (0)20 7265 7887

E: awise@fullcirclecomms.co.uk

 

Notes to editors:

European Property Underwriting Limited (EPUL) is a leading, London-based, commercial property underwriter that provides specialist insurance and advice, via brokers, for mid to large property owners, asset managers and pension funds, in the UK and across Europe.

Since August 2015 EPUL has been supported by leading insurer HDI Global, with support from Swiss Re and Liberty Specialty Markets, to provide ‘exclusive capacity’ and risk management expertise for the commercial property sector.

This game-changing arrangement brings great opportunities for brokers and clients, as it combines first class security, increased capacity and specialist expertise, to cover large-scale commercial risks.

EPUL is part of the Global Risk Partners Limited (GRP) group.

European Property Underwriting Limited is authorised and regulated by the Financial Conduct Authority.

For additional information, please visit www.epul.co.uk

 

Global Risk Partners Limited is an investment vehicle aimed at brokers and managing general agents (MGAs) trading in the UK retail and global, specialty insurance markets.

It was established in 2013 by Peter Cullum, Chairman and David Margrett, Chief Executive and is backed by private equity firm Penta Capital LLP.

Global Risk Partners acquires businesses, teams and portfolios that have niche, non-commoditised, specialty propositions and strong profitability.

www.grpgroup.co.uk

Getting the most out of Airmic

We’re in the thick of the financial services conference season – The panels are being planned, keynote speeches written, roundtables coordinated, stands built and sponsorships bought. But while the focus of these events can shift to logistics, it’s important to remember what an opportunity they present for brands to make their mark in the minds of clients and prospects alike.

So, what’s your communications strategy?

Maybe you’ve mastered your messaging but don’t know how best to share it. Maybe you’ve got plans for pull-up banners but you’re not sure how to engage with your target audience. Or maybe your business is a permanent conference fixture at industry events, but you need a new and energised approach this year.

Here are some of our experts’ top tips to making sure you get the most out of Airmic:

  1. Get the story right and make the message work for you

    Making sure your message is clear and your team can communicate it clearly is key. It often happens that businesses put out too many different updates about ongoing activity and developments taking place. Keeping it simple and relevant is the key. Make sure you work to identify the right stories of most interest well ahead of the event and determine what channels may be best for reaching your audience with your news.

    The first step to take? Establish a plan that covers  all ongoing activity, communication and press opportunities.

  1. Create dynamic content that’s designed to engage your audience

    Social media, video, imagery, motion graphics, podcasting – it can all be used to engage and make your brand memorable in a crowded conference hall. But more important than a flashy display is making sure it accomplishes the goal of communicating your core messages in a way that resonates with the right people.

  1. Target the right journalists who want to hear your story

    Don’t forget, industry events like Airmic are on the agendas of trade press, and many send journalists to gather news, make connections and find out what’s on the minds of those in the sector.

    Polish your press messages and releases – make sure they pass the “So what?” test – and double check that you’re sharing news with the right journalists and outlets to give your messages the biggest impact.

    They typically have limited time at conferences and will have had numerous approaches for meetings, so get your pitch right and get to the point quickly!

This season can be intimidating for even the most seasoned exhibition veterans, but taking a coordinated, connected approach to a communications strategy will ensure that your attendance strikes the right chord with anyone who stops by your stand, picks up a press release, or sees your social media posts.

Our team is made up of experienced insurance industry communicators who can help you maximise these opportunities and deliver an impactful communications programme, before, during and after Airmic.

We’d love to sit down with you over a coffee to discuss how we can support your communications strategy, so give us a ring or send us a note: info@fullcirclecomms.co.uk.

Castel opens Dutch branch office to support European MGA growth

29 May 2018 – Castel Underwriting Agencies Limited (Castel), the club-style MGA formation platform, has opened its first branch office in Amsterdam to support plans to expand its operations in Europe.

Registered with the Dutch Authority for the Financial Markets (AFM), Castel’s European office provides a platform to develop and launch specialty underwriting cells, as well as supporting individual underwriters with books of niche business, across Europe.

Castel Transact, a division of Castel Specialty, which provides tailored warranty and indemnity and tax risk insurances for European-based organisations, is the first cell to operate from this branch office.

Mark Birrell, CEO of Castel, said: “Opening our Amsterdam branch office is an important milestone in our growth strategy. Building on the success of our MGA formation platform in the UK, we are looking to support niche underwriters operating in Europe to establish their own businesses. This also enables Castel to focus on the identification and development of European opportunities post Brexit.”

 

ENDS

 

For further information, please contact: Full Circle Corporate Communications

Alex Wise

Tel:  +44 (0)20 7265 7887
Email awise@fullcirclecomms.co.uk

Matt Beasley:

Tel:  +44 (0)20 7265 7887
Email mbeasley@fullcirclecomms.co.uk

 

Notes to editors

Castel

Castel Underwriting Agencies Limited, part of Barbican Insurance Group, is a managing general agent (MGA) and club-style MGA formation platform focused on achieving success and driving innovation through collaboration.  It provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their own businesses. Castel is authorised and regulated by the Financial Conduct Authority. Learn more about Castel at www.castelmga.com.

Castel’s underwriting cells include:

  • Altitude Risk Partners, which underwrites airlines, aerospace manufacturing products, general aviation, war and space business.
  • Castel Specialty which supports talented and entrepreneurial individual underwriters who have smaller books of niche business including forestry physical damage, construction all risks and inherent defects insurance, M&A and tax warranty and indemnity covers and global property facultative reinsurance.
  • Medical & Commercial International (MCI) which underwrites general medical and pharmaceutical liability business on an international basis.
  • Newbridge Risk Partners which underwrites a political violence portfolio focused on emerging markets – MENA, Sub-Saharan Africa, Latin and South America and Asia regions.
  • Nirvana Risk Partners which underwrites media, technology and cyber liability risks for small and large enterprises on a global basis.
  • Vecta Risk Partners which underwrites specialist group and individual accident & health, travel and lifestyle coverages distributed through brokers and affinity e-trading platforms.
  • Verve Risk Partners which underwrites US professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers.
  • Weald Risk Partners which underwrites forestry and tree plantations globally, offering extensive technical expertise at a global level, including risk assessment and risk profiling, preparation of market presentations and programme design.
  • Yachtpod Risk Partners which underwrites specialist coverages including hull and machinery, increased value, war, medical expenses, mortgagee’s interest and loss of charter hire risks for superyacht owners, captains, and managers on a worldwide basis.

City Insurance Brokers and Compass launch PCCP

24 May 2018: City Insurance Brokers Ltd in association with Compass Underwriting (Compass) have launched what is believed to be one of the first catastrophe profit protection schemes – Profit Commission Coverholder Protection (PCCP). Aimed at managing general agents (MGAs) and brokers with delegated binding authorities, the scheme indemnifies the Coverholders’ profit commissions against being reduced by a single large loss, up to the selected limit of indemnity.

Andrew Briant, Compass Underwriting’s Managing Director said: “In simple terms, PCCP can remove a single large loss from the profit commission calculation.  It is similar in concept to insurers purchasing catastrophe reinsurance.”

“MGAs often base their business model around the risk commission covering the operating costs, and profit commissions forming the profit of the business. PCCP is a particularly good match for this type of MGA especially where the MGA may not be aligned in terms of reinsurance protection purchased by their capacity, and yet still has to contribute towards the insurer’s operating costs.  Deficit clauses can then destroy the on-going profit share arrangements even though the underlying insurer may have been reinsured.”

“PCCP ensures that the MGA can protect a portion of their catastrophic exposure without concerns being raised over the quality of the underlying underwriting of their business.”

Speaking about PCCP, David Goodley, the CEO of City Insurance Brokers said: “Having worked as a compliance consultant for numerous small MGAs, I have seen both the benefit and extreme difficulties that profit commissions bring.”

“The benefits from years of careful underwriting can be wiped out in an instant by a single large loss. PCCP enables those distributing or underwriting to remove this potential and secures the ongoing benefits of their disciplined and careful underwriting.”

PCCP has been underwritten by certain international A rated (re)insurers.

 

ENDS

 

For more information, contact:

Matt Beasley: mbeasley@fullcirclecomms.co.uk, 020 7264 7887

Alex Wise: awise@fullcirclecomms.co.uk, 020 7264 7887

 

Notes to Editors:

About Compass Underwriting:

Originally a Lloyd’s syndicate, Compass has evolved since 1986 to become one of the UK’s leading independent Accident & Health underwriting agencies.  Accessing a wide range of UK, European and Lloyd’s markets, Compass provides a full-cycle service to its client group. Compass incubates new businesses, providing all the services needed to help launch into niche sectors.

Compass is authorised and regulated by the Financial Conduct Authority under Firm Reference No.304908 and is a member of the British Insurance Brokers Association and the Managing General Agents’ Association.

http://compassuw.co.uk/

Castel Specialty adds political risk to its expanding portfolio

21 May 2018 – Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Limited that supports individual underwriters with smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk.

Led by Tom White, Castel Political Risk will primarily underwrite contract frustration and political risk coverages, typically focusing on business in Latin America, the Middle East and Africa.

Mr White was previously senior underwriter at ANV, now AMTrust, where he helped to establish their political risk book. Prior to this he was political risk underwriter at Liberty Syndicates and spent a number of years at Willis Towers Watson within their political risk team.

Mark Birrell, chief executive of Castel, said: “Tom has both broking and underwriting expertise in this niche class. This experience, combined with our dedicated infrastructure support, will enable him to access the specialist brokers and markets required to build a strong-performing book of business.”

Tom White commented: “Castel Specialty has proven experience in launching and developing niche businesses. Their approach means underwriters can focus on underwriting whilst Castel takes care of all key operational aspects such as capacity provision and business support services.”

Castel Specialty provides the infrastructure, capacity and business support required to enable experienced underwriters to begin underwriting their own books of business within weeks. Underwriters are rewarded and incentivised according to the profitability of their individual books of business.

 

ENDS

 

For further information, please contact:

Full Circle Communications
Alex Wise Mobile +44 (0) 7710 665 615
Tel:  +44 (0)20 7265 7887
Email awise@fullcirclecomms.co.uk

 

Notes to editors

Castel

Castel Underwriting Agencies Limited, part of Barbican Insurance Group, is a managing general agent (MGA) and club-style MGA formation platform focused on achieving success and driving innovation through collaboration.  It provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their own businesses. Castel is authorised and regulated by the Financial Conduct Authority.

Learn more about Castel at www.castelmga.com.

Castel’s underwriting cells include:

  • Altitude Risk Partners, which underwrites airlines, aerospace manufacturing products, general aviation, war and space business.
  • Castel Specialty which supports talented and entrepreneurial individual underwriters who have smaller books of niche business including forestry physical damage, construction all risks and inherent defects insurance, M&A and tax warranty and indemnity covers and political risk.
  • Medical & Commercial International (MCI) which underwrites general medical and pharmaceutical liability business on an international basis.
  • Newbridge Risk Partners which underwrites a political violence portfolio focused on emerging markets – MENA, Sub-Saharan Africa, Latin and South America and Asia regions.
  • Nirvana Risk Partners which underwrites media, technology and cyber liability risks for small and large enterprises on a global basis.
  • Vecta Risk Partners which underwrites specialist group and individual accident & health, travel and lifestyle coverages distributed through brokers and affinity e-trading platforms.
  • Verve Risk Partners which underwrites US professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers.
  • Yachtpod Risk Partners which underwrites specialist coverages including hull and machinery, increased value, war, medical expenses, mortgagee’s interest and loss of charter hire risks for superyacht owners, captains, and managers on a worldwide basis.

REG UK launches international counterparty monitoring

14 May 2018 – REG (UK) Ltd (REG) the on-demand RegTech solution for counter-party risk management, has expanded its range of services for the general insurance market to now include 99 insurance markets worldwide.

REG’s due diligence monitoring and alert service currently provides legal and regulatory oversight information for 75% (or just over 3100) of all active UK general insurance intermediaries.  The service will now expand the coverage to all major international insurance markets, including the US, Japan, China and Europe.

As well as the greater geographical spread, REG claim that 99.9% of international counterparty company and credit checks will be available instantly.  Their network will also issue regular alerts which include daily worldwide sanction and politically exposed person (PEP) checks, weekly UK FCA regulation updates, along with a number of other international regulatory and license checks designed to improve international due diligence for UK insurers.

REG Managing Director, Paul Tasker said:

“This is a significant step towards our stated aim of easing the burden of legal and regulatory processes for the insurance industry. We now provide a global solution which is fast, accurate and helps businesses reduce international risk exposure.

The benefits of being able to onboard new international counterparties quickly and monitor their legal, regulatory and financial standing are obvious.”

Last month, the RegTech provider updated its digital TOBA exchange service to include the new Lloyd’s Market Association GDPR TOBA templates. Insurers receiving new TOBAs via REG can create an account, accept and return documents and share other requested information at no additional cost.

 

ENDS

 

For more information, contact:

Mark Huxley, mhuxley@fullcirclecomms.co.uk

Matt Beasley, mbeasley@fullcirclecomms.co.uk

Full Circle Communications

Tel: + 44 (0)207 267 7887

Note to Editors:


About REG

REG provides technology driven intelligence, due diligence and risk management solutions.

Through the REG Network, an on-demand service, REG has transformed counterparty compliance due diligence processes and accelerated agency documentation exchanges in the insurance market. REG provide a range of services for Insurers, Lloyd’s Managing Agents, MGA’s Wholesalers and Brokers all of whom are required to have oversight of their relationships with each other as well as their policyholders.

 

Over 89% of Top 100 Brokers that wholesale, as listed in Insurance Age, are registered on REG’s platform, and 20% are clients using REG to monitor their producing brokers. In addition, over 30% of Lloyd’s Managing Agents are registered members, as well as over 60% of Lloyd’s Brokers and Coverholders.

REG is actively developing solutions to address Delegated Authority risk and regulatory requirements and will expand its offering in 2018 to provide global monitoring capabilities in over 80 countries.

REG recently received a £8m capital injection from Edi Truell’s Disruptive Capital Investments fund.

 

For more information visit www.reg.uk.com.

 

 

Arc makes director appointments in response to growth

14 May 2018 – Leading provider of specialist legal expenses and add-on insurance products, Arc Legal Assistance (Arc Legal), announces the appointment of three new directors and new roles for two of its founders as the company builds on growth opportunities across its portfolio and distribution base.

Rebecca Conway, who joined the business in 2005 and was formerly Head of Claims and Operations, assumes the role of Director of Claims and Operations with direct responsibility for the performance and development of these core business areas.

Laura Hicks who joined the business as Head of Finance in 2016, becomes Director of Finance with responsibility for all aspects of the firm’s finance functions including strategic growth and operational development.

Sean Kilbourn, who also joined the business in 2016 and was formerly Head of Quality Assurance & Compliance, becomes Director of Quality Assurance & Compliance covering internal and external audits & other quality assurance functions, and oversight of all compliance processes & policies within the business.

Founding directors Frank O’Malley and Richard Finan also assume new roles. Frank becomes Deputy Chief Executive with an expanded remit that will include sales and marketing activities. Richard will become Director of Distribution, continuing his focus on the development of new and existing products and partnerships.

Helen Withers, Chief Executive of Arc Legal, said: “The business continues to experience strong premium and policy growth which, in no small part, is the result of our dedicated and motivated team. The senior management have played an important role in building a robust business against a background of a continuingly dynamic market place. These appointments recognise their commitment to Arc Legal and represent an important milestone in our continuing growth and development of the business.”

ENDS

For further information on Arc Legal please contact:

 

Alex Wise, Full Circle Communications

M   +44 (0)7710 665 615

T    + 44 (0)20 7265 7887

E    awise@fullcirclecomms.co.uk

 

Notes to Editors

Arc Legal Assistance Limited is an established, leading provider of legal expenses insurance and assistance services in the UK and Republic of Ireland.

We are innovators within the legal expenses market, continually developing our product offerings and service delivery to provide best in market legal expenses solutions.

Our business model generates streamlined claims services and cost-efficient management via strategic partnerships with a small number of high quality independent law firms.

We tailor our legal expenses insurance solutions rather than simply offering standard products. We cover a full range of litigation risk areas including motor, family, commercial, affinity, property owners, travel and leisure. Products are distributed in partnership with insurance companies, brokers, financial institutions and affinity groups.

We have long established quality underwriting arrangements as well as acting for a number of insurers that choose to underwrite their own legal expenses insurance risk.

In addition, we offer a range of uninsured legal services based on a variety of funding methods. These include will writing, conveyancing, pre-marital agreements, divorce, tax planning, and probate services for individuals, contract drafting and employment advice for businesses and a top class 24/7 legal telephone advice service.

Arc Legal Assistance Limited is a subsidiary of AmTrust International Limited.

For more information, visit – www.arclegal.co.uk