Plum first to offer home cyber cover for Irish brokers
19 July 2017: Plum Underwriting (Plum), the specialist home insurance managing general agent, has expanded its portfolio for Irish brokers with the launch of Premier, the all risks High Net Worth (HNW) policy, the first to offer embedded home cyber coverage in the Republic of Ireland. As part of the company’s strategy to provide brokers in Ireland with a dedicated market for difficult to place non-standard risks, Plum has also enhanced its Amethyst Mid Net Worth (MNW) all risks home insurance policy providing embedded home cyber cover. Plum was the first HNW and MNW home insurance provider to offer cyber and data risks as part of the cover.
The portfolio has been further expanded with the launch of Plum’s Unoccupied policy for vacant residential homes offering a choice of three levels of cover (from basic to full perils) for both buildings and contents. Cover is also available on short-term policy periods.
Commenting on the launch of the new and enhanced products, David Whitaker, managing director, said: “Our lead position in the specialist household insurance market enables us to offer brokers a real alternative to the current limited private client insurance solutions available.
“The expansion of our portfolio also demonstrates a commitment to providing Irish brokers with a one-stop-shop for all specialist home insurance regardless of risk type or size.”
For further information on please contact :
Alex Wise, Full Circle Communications
M +44 (0)7710 665 615
T + 44 (0)20 7265 7887
Notes to editors
Plum Underwriting Limited is a London-based MGA providing specialist home insurance products for the UK and Republic of Ireland broker market, and is part of Global Risk Partners Limited, the specialist investment vehicle for brokers and MGAs.
Plum’s capabilities and products are distributed via brokers in the following ways:
Plum's Online Portal where a quote is requested by the broker and Plum control the underwriting and issue documentation
Insurance software houses (such as Open GI, SSP, CDL) on a full cycle EDI basis, allowing the broker to benefit from high quote rates and low operational cost. Brokers can also access Plum’s underwriting support for more complex risks
Delegated underwriting authorities, where Plum will issue a binding authority to the broker allowing them to white label their products and control the client experience.
Plum Underwriting Limited is authorised and regulated by the Financial Conduct Authority.
Global Risk Partners Limited (GRP) 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.